Technical analysis by PipShiesty about Symbol PAXG: Buy recommendation (4/30/2025)

PipShiesty

After a clean breakout and candle close above the descending trendline on the 30-minute timeframe, I’ve entered a long trade. Price action confirmed strength with multiple bullish candles consolidating above the previous structure and the broken trendline, supporting continuation to the upside.🔹 Entry: 3,307.185 (Post-breakout consolidation confirmation)🔹 Stop Loss: 3,292.815 (Below recent structure support)🔹 Risk Management Level: 3,298.975 (SL to BE once TP1 hits)Target Levels:• TP1: 3,328.370 – SL moved to breakeven here• TP2 (Full TP): 3,345.470Trade Rationale:• Breakout above descending trendline with a strong 30m candle close confirms bullish momentum.• Price is now holding above the previous range highs, suggesting a shift in short-term market structure.• SL is placed below recent lows to account for healthy pullbacks without risking the setup.• Targets align with historical intraday supply zones and structural reaction areas.