Technical analysis by Jack-Mastermind about Symbol PAXG: Sell recommendation (5/9/2025)

Overview:In this chart, we’re observing a classic price action setup, highlighting a potential bearish continuation after a structure break and failed bullish momentum.Key Observations:Break of Structure (BOS): Price broke below the consolidation zone, signaling a shift in momentum.Consolidation Zone: From April 24–May 1, the price ranged within a well-defined box, forming a base before the breakout.Trendline Break & Retest: A descending trendline was broken, and price briefly rallied, reaching the support zone turned resistance.Support Turned Resistance: The area around 3,356 - 3,383 acted as a former support zone and is now functioning as resistance. This zone aligns with a possible liquidity grab before a continuation down.Bearish Scenario:If price fails to reclaim the resistance zone and closes below 3,323, a continuation lower is highly probable.Price may form lower highs and lower lows, heading toward the next major supports:3,275.9093,253.174Final target: 3,226.252 (marked with a green arrow).This move aligns with the bearish trend structure, and a breakdown below 3,275 would confirm increased selling pressure.Conclusion & Trade Idea:Bias: BearishEntry Idea: Look for short entries below 3,323 after rejection from the resistance zone.Target Zones: 3,275 → 3,253 → 3,226[/Invalidation: Bullish break above 3,383Watch for price reactions at key levels and manage risk accordingly.