Technical analysis by Jack-Mastermind about Symbol PAXG: Sell recommendation (5/5/2025)

After a strong bullish run, the market reached a peak and entered a consolidation phase, marked by sideways movement and reduced momentum. This was followed by a break of structure and a clear trend line violation, signaling a shift in momentum from bullish to bearish.Key Observations:Consolidation Zone: Price ranged within a horizontal channel before breaking down.Pullback Rejection: After breaking the trend line, price attempted a pullback but was rejected from the previous support-turned-resistance zone around 3,289.537.Current Structure: We see price forming lower highs and lower lows, with another rejection from resistance, indicating continued bearish pressure.Bearish Targets:1. 3,202 First potential support2. 3162. Intermediate level3. 3102. Final bearish target marked with a green arrowTrade Idea: If price retests and rejects the 3,255.zone (support/resistance flip), this could confirm bearish continuation. Traders can consider short opportunities with proper risk management.This setup is based purely on price action and technical analysis, with no political implications.