Technical analysis by varma010 about Symbol PAXG: Buy recommendation (2/22/2025)

Price is moving within a horizontal range, showing accumulation or distribution. Multiple touches at both support and resistance indicate a well-defined structure.A valid breakout with volume confirmation would be an ideal long entry.Key Levels on the Chart:Support Zone: Around $2,920 - $2,925 (Lower boundary of the consolidation range).Resistance Zone: Around $2,940 - $2,945 (Upper boundary of the consolidation range).Breakout Target: $3,000 (Psychological resistance & target if the breakout happens).Trade Setup Considerations:Bullish Case:A break and retest above $2,945 with confirmation on the 15-minute or 1-hour timeframe could trigger a long position.First minor target: $2,960 - $2,970, then extended to $3,000.Bearish Case (Invalidation Level):If price fails to hold $2,920, it could trigger a pullback to the next support at $2,900 - $2,890.In that case, a reversal structure needs to form before considering longs again.