Technical analysis by BB_UNITED about Symbol PAXG on 3/9/2025

BB_UNITED

📈 Market Analysis & Trade Plan 📉The market has been consolidating within a tight range of 2890-2930 over the past two days. This zone presents a high-risk trading environment, so patience is key. We will wait for a clear breakout before taking any positions.🔻 Sell SetupIf the price breaks below our support (2890) and the next candle breaks the closing candle’s low, we can enter a sell position.🎯 Target: 2865🔺 Buy SetupIf the price breaks above our resistance (2930) and the next candle breaks the previous candle’s high, we can enter a buy position.🎯 Target: ALL-TIME HIGH 2956⚠ Risk Management StatementTrading in a consolidation zone can be risky due to false breakouts and market volatility. To manage risk effectively:✅ Always use a stop-loss to protect capital.✅ Avoid over-leveraging.✅ Wait for confirmation before entering a trade.✅ Follow proper risk-reward ratios to maximize gains and minimize losses.📊 Patience and discipline will be key to executing profitable trades! 🚀Trade active Sell side With 50 Pips in profit