The chart displayed represents the $PAXG /USDT pair on a 1-hour timeframe. The current price is $2,658, with a 24-hour high of $2,669 and a low of $2,641. The chart shows consolidation between $2,641 and $2,669, indicating a range-bound market.

Analysis:

1. Long Entry: A break and close above $2,670, with confirmation of bullish momentum, can be considered a long entry.

Target: $2,685 (next resistance level).

Stop Loss: $2,650 (below the breakout level).

2. Short Entry: A break and close below $2,640 with increasing bearish pressure can signal a short entry.

Target: $2,625 (next support zone).

Stop Loss: $2,660 (above the breakdown level).

Current Strategy:

If the price remains in the range, wait for a breakout or breakdown to avoid false signals. Monitor volume and candlestick patterns for confirmation of direction.

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