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Technical analysis by Mortenphysique about Symbol PAXG: Sell recommendation (6/1/2024)

https://sahmeto.com/message/1934984
Mortenphysique
Mortenphysique
Rank: 23585
Sell،Technical،Mortenphysique

Here's the possible scenarios i see. The bearish continuation: if price gonna keep smashing down hard we might see a retest of the 1 hr FVG above when a drop more down to the round number 2300.00. but if we see bulls snicking in and bears respecting the support level 2321,47 the bulls might take out the liquidity at 2360.08 when drop down to 2300.00 Bullish reversal: i do believe that a lot of traders have a buy limit set on 2300.00 and what do you guys think we see below that ? a lot af stop losses and a bunch of people becoming liquidity before we see the next move up 🚀

Translated from: English
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Signal Type: Sell
Time Frame:
1 hour
Price at Publish Time:
$2,335.34
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