PAXGUSDT 1D

🧭 Timeframe & Context

PAXG / USDT – D1

Strong uptrend for many months (clear HH/HL sequence)

Last move: impulse + very aggressive correction (long wick + dump)

📈 Main Trend

The uptrend is still in effect, but:

The market is in a correction phase after the euphoria

The short-term structure has been breached

🟠 Trendline (orange)
Price has broken below / is testing it from above → a key decision point

🔑 Levels (most important)
🟢 Resistance

5,054 – local resistance / reaction zone

5,195 – 5,235 – strong supply zone (this was a fake breakout)

5,398 – ATH / market ceiling

🔴 Support

4,960 – 4 950 – current combat zone

4,764 – very important HL (loss = deeper correction)

4,565 – key structural support

4,277 – "last line of defense" of the D1 trend

📉 RSI & Stoch RSI
RSI (D1)

Drop from high levels → market cooling

Still above 50 → uptrend not broken yet

No bullish divergence (yet)

Stoch RSI

Coming out of oversold

This offers potential for a short-term bounce, but:

bounce ≠ trend reversal

🧠 What's really happening here?

This is a classic pattern:

🚀 Strong impulse (FOMO)

❌ False breakout + liquidity dump

🔄 The market is testing whether the bulls still have fuel

🎯 Scenarios
🟢 Bullish (more likely if…)

We hold 4,950–4,960

We return above 5,054

Targets:

5,195

5,398 (ATH)

🔴 Bearish (if…)

D1 close below 4,764

Then:

4,565

4,277 as a deep pullback