$PAXG /USDT Approaching Key Channel Boundaries – Strategic Moves Incoming! 🚨

The $PAXG /USDT chart on the 15-minute timeframe is revealing a well-defined ascending channel, presenting ideal setups for short and long positions. With the price oscillating between resistance near 2,769 USDT and support around 2,740 USDT, traders should brace for potential breakouts or rejections.

📊 Current Price: 2,756 USDT

💥 Key Levels to Watch:

• Resistance: 2,769 USDT – A break above could trigger a bullish rally, targeting higher levels within the channel and beyond.

• Support: 2,740 USDT – Holding this level is crucial. A drop below could initiate further downside movement.

💼 Trade Strategy:

• Long Entry: If price bounces from 2,740 USDT, enter with a target of 2,764 USDT. Set a Stop Loss at 2,730 USDT to minimize risk.

• Short Entry: If price fails to break above 2,769 USDT, consider a short entry, aiming for 2,745 USDT with a Stop Loss at 2,778 USDT.

📈 Long-Term View: A sustained breakout above 2,769 USDT could fuel a rally toward 2,790 USDT, while failure to hold support at 2,740 USDT may lead to a retest of 2,720 USDT.

Stay vigilant as PAXG nears these pivotal levels – the next move could set the tone for its short-term trend!

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