Technical analysis by Tricky_bella about Symbol PAXG: Sell recommendation (3/24/2025)

Technical AnalysisTrade Setup:A buy position has been placed based on a key reversal area, suggesting a potential bullish move.Entry Point: Positioned slightly above a previous support zone.Stop-Loss (SL): Set near $2,969.921, below the reversal zone to mitigate downside risk.Take-Profit (TP) Targets:TP 1: Intermediate resistance level.TP 2: Higher resistance zone, indicating moderate price appreciation.TP 3: Final profit target, suggesting a breakout scenario.Support and Resistance Levels:The reversal area has been identified as a critical support level.Resistance is observed near $3,057.993, which represents the potential upside target.Risk-to-Reward Ratio:The trade exhibits a favorable risk-to-reward ratio, with the take-profit zone significantly larger than the stop-loss area, indicating a bullish outlook.Market Sentiment & OutlookBullish Bias: The setup suggests an expectation of price appreciation, provided the support holds and momentum sustains.Key Considerations: External factors such as U.S. economic data, Federal Reserve policies, and geopolitical events could influence price movements.running 130+pips 1:5 risk reward running300+pips running wait for the final tp then buy for new high