sell
Short Position Suggested for PAXGUSDT at $3,300 with Key Levels Monitored
The asset is currently in a range after reaching a new structural high, with a resistance at $3,376 formed by a mirror level, creating three support points. Local market manipulations suggest large traders may be building short positions, evidenced by repeated false breakthroughs of the descending trendline and subsequent reversals. A trendline support has also been established; a confirmed breach below $3,274 could trigger aggressive downward movement, potentially removing liquidity across multiple levels and testing the significant buy zone. The suggested strategy is to set a stop-loss aligned with one's risk management approach. Price targets are set at $3,207, $3,170, $3,141, and $3,035.
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AI Analysis
The current market scenario for PAXGUSDT shows that after hitting a new structural high, the price has entered a consolidation phase, trading within a defined range. Resistance at $3,376 was identifie...
AI Recommendation
Given the technical exhaustion at the resistance zone and signs of manipulation, initiating a short position appears justified once the critical support at $3,274 is convincingly broken and confirmed ...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.