Technical analysis by fsanalysis6 about Symbol PAXG: Sell recommendation (5/29/2025)

Key Observations:Structure Shift: Multiple instances of structural change are marked on the chart. These shifts are commonly used by traders to assess momentum direction and potential reversals.Price Rejection Zone (Red Box): The highlighted red region at the top represents an area where price previously reversed, indicating strong activity from participants who favor downward movement.Demand Zone (Blue Box): A blue zone has formed below the current price, representing an area of interest where buying strength was previously evident. It aligns with the reaction after a structural shift upward.Entry & Risk Parameters:A trade setup is visible with clearly defined risk (red area) and potential reward (green area).The setup appears to be based on a shift in structure favoring upward continuation after a previous decline.The stop level is placed just below the recent swing low, and the objective reaches toward a previous inefficiency zone.Market Reaction: Price is currently consolidating around the recent structural break, indicating potential decision-making among market participants.Labels:Weak Low: Indicates a level that was swept or challenged, often considered vulnerable to further testing.Smart Levels: Custom zones identified by the LuxAlgo toolset, used for structural confirmation and targeting purposes✅ **Trend & Market Structure*** **Recent Structure Shift (ChoCH)** to the upside has occurred, suggesting a potential **bullish reversal** after a downtrend.* The market broke a previous **lower high**, indicating a transition from bearish to bullish structure.---### 📍 **Key Zones*** **Supply Zone (Red Box)** near **3,290.845 – 3,305.000**: * This is an area where sellers previously entered the market. * Price has shown a reaction here again, making it a potential resistance zone.* **Demand Zone (Blue Box)** near **3,265.000 – 3,278.000**: * Buyers previously stepped in here. * This zone aligns with the current long position shown on the chart.---### 📊 **Trade Setup in Progress*** **Long Position Active**: * **Entry**: Around 3,278.300 (just above the demand zone) * **Stop Loss**: Below 3,260.000, beyond the weak low * **Target**: Approx. 3,290.845 (first major resistance/supply zone) * **Risk-to-Reward**: Favorable setup, approx. 1:2+* **Status**: Trade is currently near breakeven or small drawdown, consolidating at entry level.---### ⚠️ **Important Levels*** **Weak Low**: Could still be vulnerable to a liquidity sweep or retest.* **Immediate Resistance**: 3,290.845 – needs to be broken cleanly to confirm bullish continuation.* **Immediate Support**: 3,265.000 – should hold to maintain bullish bias.---### 🧭 **Summary*** **Bias**: Short-term bullish, contingent on holding the demand zone and weak low.* **Outlook**: Watching for either: * Break above 3,290.845 to confirm upside continuation. * Failure below 3,265.000 would invalidate the current bullish structure and suggest possible retest of recent lows.