Technical analysis by rezaabdollahjahani about Symbol PAXG: Buy recommendation (3/25/2025)
https://sahmeto.com/message/3374491

rezaabdollahjahani
Rank: 1609
Analytical Power:
2.5

I entered a buy trade at the 3002.043 support level, where the price showed a positive reaction and started an upward trend. Currently, the price is approaching a key resistance level, which, if broken, could pave the way for further growth.Market Analysis:✅ Strong Support: The price was supported at 3002.043, and buyers stepped in.✅ Key Resistance: The 3030 - 3035 zone is now a crucial level in the bullish path.✅ Price Target: If the resistance is broken and the price stabilizes, I expect it to rise to 3056.629.✅ Risk Management: If the price fails to break the resistance and reverses, a potential retracement could occur, so I have set my stop-loss accordingly.Now, waiting for a breakout and a continuation of the bullish trend.
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Signal Type: Buy
Time Frame:
4 hoursProfit Target:
$3,056.63Stop Loss Price
$3,030Price at Publish Time:
$3,040.79