Technical analysis by wizzywise1 about Symbol PAXG: Buy recommendation (2/26/2025)

1. Market Structure Analysis**- **Break of Structure (BOS)**: Multiple BOS points indicate a prior bullish trend, followed by a shift to bearish intent.- **Change of Character (CHoCH)**: The latest CHoCH (in red) confirms a shift from bullish to bearish momentum.- **Liquidity Zones**: - **Premium Zone** (~$2,950): Strong resistance area where price was rejected. - **Discount Zone** (~$2,880 - $2,890): A potential buy zone where price might find support.- **Equilibrium (~$2,916)**: The price is currently hovering around equilibrium, meaning a decisive move is yet to happen.2. Key Levels Identified**- **Premium Supply Zone ($2,945 - $2,955)**: Strong resistance; price previously rejected from here.- **Weak Low (~$2,890 - $2,885)**: A liquidity point where sellers may target a sweep.- **Discount Demand Zone (~$2,880 - $2,890)**: Possible buy area if price taps into liquidity and reverses.3. Expected Scenarios & Probability**1. **Bearish Continuation - 65% Probability** - Reason: Recent CHoCH to the downside, strong rejection from the premium zone, and liquidity below the weak low. - Target: $2,885 - $2,880 (Discount Zone). - Confirmation: If price fails to reclaim $2,920 - $2,925.2. **Bullish Reversal from Discount Zone - 35% Probability** - Reason: If price taps into the **discount zone** and finds strong demand, a reversal to **equilibrium ($2,916)** or **premium zone ($2,950)** could occur. - Confirmation: Strong bullish reaction at $2,880 - $2,890 with break above $2,925.#### **Trading Strategy**- **Sell Scenario:** Wait for a bearish retest at **$2,920 - $2,925** before entering short. - SL: Above **$2,935** - TP1: **$2,900** - TP2: **$2,885** - Risk-Reward: **1:3**- **Buy Scenario:** If price sweeps the **weak low ($2,885)** and shows bullish confirmation. - SL: Below **$2,875** - TP1: **$2,916** - TP2: **$2,930** - Risk-Reward: **1:4**Final Thoughts**- Current sentiment is **bearish**, favoring a **continuation down to $2,885 - $2,880 (65% probability).**- A bullish reversal may occur from **discount zones (~$2,880)** (35% probability).- Watch for price reaction near **$2,916 - $2,920** for confirmation before entering any trade.