Technical analysis by kaiju_crypto about Symbol PAXG: Sell recommendation (7/15/2024)

this might fail but if weekly closes back inside the range then price could indeed retest the low of the range if it closes above resistance then we should avoid shorting so the plan depends of how weekly will close if wrong, then SL and wait for pullback to profit from the leg up if right, then let it swing NFA educational purpose onlyComment: Note that this can work only if the weekly shows bearishness at the closing candle Right now we are Monday it's too early to decide for this swing Price could simply rally hard so we need to be patient and not force it If it doesn't show bearishness by closing back inside then it's still bullishOrder cancelled: trade idea is canceled as the weekly candle went over the resistance Note that I said previously that this idea would work only if weekly candle closes bearish back inside the range, since we are Wednesday and price is clearly not back inside, we cannot take this trade That's why patience is very important and waiting for candle close is primordial