Technical analysis by wizzywise1 about Symbol PAXG on 2/27/2025

**1. Market Structure Analysis** - **Break of Structure (BOS):** Previous BOS points indicate a **downtrend continuation**. - **Change of Character (CHoCH):** Multiple CHoCH events suggest minor retracements within the dominant bearish trend. - **Liquidity Zones:** - **Premium Zone (~$2,925 - $2,931):** Strong resistance, price failed to hold above. - **Discount Zone (~$2,880 - $2,885):** Key support area where buyers might step in. - **Equilibrium (~$2,907):** The price is well below equilibrium, confirming bearish momentum. **2. Key Levels Identified** - **Premium Supply Zone (~$2,925 - $2,931):** Rejection confirms this as strong resistance. - **Weak Low (~$2,884 - $2,879):** Bears might target this liquidity. - **Discount Demand Zone (~$2,874 - $2,885):** Possible reversal area for buyers. **3. Expected Scenarios & Probability ** 1. **Bearish Breakdown – 70% Probability** - **Reason:** Price is hovering around PDL (Previous Day's Low) and near weak low liquidity. If it breaks, expect further downside. - **Target:** $2,874 - $2,870. - **Confirmation:** A break and close below **$2,885**. 2. **Bullish Reversal from Discount Zone – 30% Probability** - **Reason:** If price taps into **PWL ($2,874 - $2,879)** and shows bullish signs, we may see a retracement. - **Target:** $2,900 - $2,907 (equilibrium). - **Confirmation:** Strong bullish reaction at the discount zone. **4. Trading Strategy** - ** Sell Setup:** If price breaks below **$2,885** with bearish confirmation. - **Entry:** Below $2,885. - **SL:** Above $2,900. - **TP1:** $2,879. - **TP2:** $2,874. - **Risk-Reward:** 1:3. - **Buy Setup:** If price shows bullish reaction at **$2,874 - $2,879**. - ** Entry:** Around $2,878. - **SL:** Below $2,870. - **TP1:** $2,900. - **TP2:** $2,907. - **Risk-Reward:** 1:4. **Final Thoughts** - **Probability of bearish continuation:** **70%** (favoring downside move to $2,874). - **Probability of bullish reversal:** **30%** (bounce from discount zone to $2,900+). - **Watch for confirmation before entering trades!**