Technical analysis by YUKIOTRADER90 about Symbol PAXG on 5/1/2025

Entry Price (Sell): 3230Current Price: Around 3225Take Profit Levels (TP):TP1: 3220TP2: 3215TP3: 3205Price Action:A breakout occurred from a descending trendline.The price moved up to around 3230, met resistance, and started pulling back.Bearish candlestick has formed after the attempted push above 3230.Technical InsightsBreak and Retest Pattern: Price broke the downward trendline, suggesting a reversal or pullback move. But it failed to sustain above 3230, forming a bearish structure.Bearish Rejection at 3230: Suggests strong supply/resistance at that level. Entry is well-placed for a short if price fails to make a higher high.Target Areas (TPs): The take-profits are placed logically at previous minor support levels.Trade OutlookBearish Bias: As long as price stays below 3230, the outlook supports a short trade.Stop Loss Consideration: Ideally above the recent high (~3235 or 3240) to manage risk.Momentum: Current candle suggests selling pressure is returning.Wow within 5 minutes hit our Tp 1 With 50 pipsHit all traget 300pips