$PAXG /USDT Bearish Setup โ Downside Pressure Building
$PAXG is currently trading around $4,924, after failing to sustain above the $5,000 resistance zone. Price action shows rejection from the recent highs, followed by weak follow-through, indicating sellers are starting to regain control. The structure favors a short-term downside move if resistance continues to hold.
Entry Zone :$4,950 โ $4,990
Targets
TP1: $4,880
TP2: $4,820
TP3: $4,750
Stop-Loss:$5,030
$PAXG
{future}(PAXGUSDT)
#BTCUSDT UPDATE:
#Bitcoin is now trading around $68,000. It has broken and closed below the support zone on the daily timeframe, as per our previous update. So, the possible scenarios are: if the dump continues, the price may again go to test $60,000. Otherwise, if the price pumps from here and closes above the resistance zone, then we may see bullish momentum in Bitcoin. Keep an eye on it and stay tuned with us for further updates.
#TradeEagle75