Technical analysis by Mr_Babz about Symbol PAXG: Sell recommendation (1/7/2025)
https://sahmeto.com/message/3141616
Mr_Babz
Rank: 12496
Analytical Power:
1.5

In this analysis, a potential short opportunity is identified at the 15-minute order block (OB) around 2643. Price has shown a reaction from this zone, suggesting a possible rejection and continuation to the downside. This OB acts as a key supply area where sellers might regain control.The bearish structure indicates that the price could aim for the previous low as a target, aligning with the broader downtrend and liquidity resting below those levels.Key Levels:Entry: 2643 (15-Min OB)Target: Previous swing low/liquidity zones belowStop Loss: Above the OBThis setup aligns with a trend-following strategy, targeting the continuation of bearish momentum while managing risk effectively.
Translated from: English
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Signal Type: Sell
Time Frame:
15 minutesPrice at Publish Time:
$2,650.92