Technical analysis by YUKIOTRADER90 about Symbol PAXG: Sell recommendation (4/30/2025)

Chart OverviewThe chart shows a descending channel, marked by two downward-sloping blue trendlines.The price recently bounced off the lower channel support, indicating a potential short-term bullish correction.A potential W-pattern (double bottom) is forming, often a sign of reversal.The blue projection line suggests a bullish move toward the mid or upper range of the channel.Key LevelsSupport:Lower Channel Support: Around $3,260 — where price recently bounced.Immediate Minor Support: Around $3,280 — recent low before bounce.Resistance:Immediate Resistance: Around $3,300–$3,310, near recent swing highs and the blue arrow target.Stronger Resistance: Around $3,340, aligned with the upper channel line and previous rejection zones.Outlook:If price holds above $3,280, a move toward $3,300–$3,310 is likely.A break above $3,310 could target the upper channel trendline near $3,340.If price breaks below $3,260, expect a retest of the $3,240 zone or even lower within the descending channel.Would you like a longer-term view or suggestions for trade setups?Wow hit 80 pips targetYes hit our target 150 pips reached