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

https://sahmeto.com/message/3562483
Sell،Technical،Sajefallah

📉 Market Structure Analysis:The market was previously in an uptrend, confirmed by BoS and CHoCH.Then, a bearish shift occurred with a BoS to the downside and the break of the ascending trendline.A valid descending structure is now in play.Price retraced into a supply zone, where selling pressure is visible.The most recent BoS to the downside confirms a bearish bias.Currently, the price is forming a potential lower high under the trendline and may continue lower toward the demand zone at ~3218.046.📌 Trade Setup:Entry (Sell): Around 3278 level.Stop Loss (SL): Placed above the supply zone, around 3296.Take Profit (TP): Targeting the demand zone near 3218.This setup offers a good risk-to-reward ratio.📊 Conclusion:✅ Primary Scenario: Bearish continuation toward the demand zone (~3218), with selling pressure likely to dominate below the trendline.⚠️ Alternative Scenario: If price breaks and closes above 3296, the bearish structure may be invalidated, and a shift back to bullish momentum is possible.

Translated from: English
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Signal Type: Sell
Time Frame:
1 hour
Price at Publish Time:
$3,292.34
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