PAXG/USDT TECHNICAL ANALYSIS: BULLISH REVERSAL IMMINENT $PAXG
The provided chart for $PAXG/USDT displays a classic "Double Bottom" formation on the timeframe, signaling a potential shift from the recent corrective phase to a renewed bullish trend. After reaching a local high near 5,030.05, the price underwent a healthy retracement, finding strong structural support at the 4,966.07 level.
The current price action shows the asset stabilizing above the immediate support zone, with the yellow moving average beginning to flatten out, suggesting that selling pressure is exhausting. A breakout above the central "neckline" of this pattern would confirm the bullish continuation toward higher resistance targets.
TRADING TARGETS (TP)
Target 1: 5,030.00
Target 2: 5,080.00
Target 3: 5,150.00
STOP LOSS (SL)
Stop Loss: 4,940.00
#OpenClawFounderJoinsOpenAI #StrategyBTCPurchase #WhenWillCLARITYActPass #TradeCryptosOnX #ZAMAPreTGESale