Technical analysis by wizzywise1 about Symbol PAXG: Sell recommendation (2/28/2025)

**1. Market Structure Analysis** - **Break of Structure (BOS):** The market remains in a clear **downtrend**, confirming bearish sentiment. - **Change of Character (CHoCH):** Any bullish CHoCHs have been short-lived, failing to break major bearish structure. - **Liquidity Zones:** - **Premium Zone (~$2,920 - $2,930):** Acts as strong resistance where price consistently rejects. - **Discount Zone (~$2,845 - $2,855):** A potential support area where price might react. - **Equilibrium (~$2,892):** Price remains well below equilibrium, favoring bearish momentum. *2. Key Observations** - **Lower High (LH) and Lower Low (LL) Structure:** Price continues making **lower highs and lower lows**, a sign of a healthy downtrend. - **Weak Low (~$2,853):** A liquidity target for sellers. - **Potential Reversal Zone (~$2,845 - $2,850):** If price taps this level, it may see a short-term bounce. *3. Expected Scenarios & Probability** 1. **Bearish Continuation – 70% Probability** - **Reason:** Strong BOS, price is in a bearish structure, and liquidity exists below weak lows. - **Target:** $2,845 - $2,837. - **Confirmation:** A **break and close below $2,853**. 2. **Bullish Retracement – 30% Probability** - **Reason:** A possible reaction from the **discount zone** ($2,845 - $2,850). - **Target:** $2,876 - $2,884 (previous PWL). - **Confirmation:** Strong bullish rejection from **$2,845 - $2,850**. **4. Trading Plan** - **Sell Setup:** If price breaks **$2,853** decisively. - **Entry:** Below $2,853. - **SL:** Above $2,868. - **TP1:** $2,845. - **TP2:** $2,837. - **Risk-Reward:** 1:3. - **Buy Setup:** If price holds **$2,845 - $2,850** and reverses. - **Entry:** Around $2,850. - **SL:** Below $2,840. - **TP1:** $2,868. - **TP2:** $2,876. - **Risk-Reward:** 1:4. **Final Thoughts** - **Probability of bearish continuation:** **70%** (favoring further downside to $2,845 - $2,837). - **Probability of bullish retracement:** **30%** (bounce to $2,876 possible if discount zone holds). - **Best trade:** **Wait for confirmation** at the **$2,845 - $2,850** level before making a move.