Technical analysis by Chetan_alpha about Symbol PAXG on 1/28/2025

### **Analysis of Your Markings:**1. **Selling Zone (Red) at ~2770-2785:** - This level has been tested multiple times as resistance (red arrows). - Price was rejected heavily from this zone, leading to a strong bearish move. - This indicates that sellers are strong in this area.2. **Buying Zone (Green) at ~2735-2745:** - Price previously found support here and reversed upwards. - Buyers stepped in multiple times, leading to a breakout above resistance.3. **Breakout & Retest (Mid-Level ~2750-2760):** - Price was rejected multiple times at this level before breaking upwards. - Now acting as a support-turned-resistance level.---### **How to Improve This Setup:**1. **Refine Your Entry/Exit Plan:** - **Short Entries:** Look for rejection signals (e.g., wicks, bearish engulfing patterns) near the **Selling Zone**. - **Long Entries:** Wait for bullish confirmation near the **Buying Zone**. - If price **breaks above the Selling Zone**, it may indicate bullish continuation.2. **Watch Key Price Reactions:** - If price **rejects Selling Zone**, expect a drop toward Buying Zone. - If price **breaks and holds above Selling Zone**, expect continuation toward higher resistance.3. **Use Additional Indicators:** - RSI for overbought/oversold conditions. - Moving Averages (e.g., 50 EMA) for trend confirmation. - Volume for breakout confirmation.