PAXG has recently shown some unusual movements, with the 30-minute K-line trading volume suddenly surging by 71.4%. This is often not without reason—it usually indicates that large funds are brewing a new trend.
The current price is stuck around 4460.56 USDT, with a key support level near 4436.72 (only 0.48% away from the current price). Below, there is also a support zone between 4406.8 and 4455.69.
From a trading perspective, as it approaches the support, it’s worth paying attention to potential long opportunities. If you plan to enter, consider placing an order around 4436.72.
The increase in trading volume itself is a signal—usually indicating that the market is about to show some movement. Next, closely monitor PAXG’s subsequent performance to see if it can break through or if it can hold steady at the support level.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
15 Likes
Reward
15
4
Repost
Share
Comment
0/400
BearMarketBard
· 01-10 04:36
I've seen too many tricks of volume surges, but in the end, it's just a reverse dump.
The support level at PAXG is indeed close, but when the signals are so obvious, you should be cautious.
What are the big funds brewing? Why does it feel like they're trying to lure more traders in?
I'm not willing to place orders casually at the 4436 level; I'd rather wait and see.
By the way, can we really trust these sudden movements? Every time they say it indicates a market trend, but what’s the result?
View OriginalReply0
LiquidityHunter
· 01-08 20:54
The trading volume is so strong, big players are making moves. The 4436 level is definitely worth a try.
View OriginalReply0
LuckyBearDrawer
· 01-08 20:53
Trading volume surged by 71.4%, which is quite interesting, but I’ll wait and see. If PAXG doesn’t rebound this time, it will break below the support.
Is big money accumulating? Or could it be unloading? Who knows.
The price at 4436 is a bit tempting, but I don’t dare to jump in casually now, afraid of catching the last move.
Let’s see how this wave develops; the atmosphere still doesn’t feel right.
If it breaks below 4400, I’ll need to reduce my position; the risk outweighs the reward.
Waiting for the trading volume to continue increasing before considering adding more; right now, it feels a bit fake.
They say it’s a support level, but with the market so crazy these past two days, no support levels are reliable.
View OriginalReply0
rugdoc.eth
· 01-08 20:40
Trading volume surges by 71.4%? Big players are making moves. This time, you really need to pay close attention.
You can try around 4436, but it still depends on whether it can hold steady.
PAXG has recently shown some unusual movements, with the 30-minute K-line trading volume suddenly surging by 71.4%. This is often not without reason—it usually indicates that large funds are brewing a new trend.
The current price is stuck around 4460.56 USDT, with a key support level near 4436.72 (only 0.48% away from the current price). Below, there is also a support zone between 4406.8 and 4455.69.
From a trading perspective, as it approaches the support, it’s worth paying attention to potential long opportunities. If you plan to enter, consider placing an order around 4436.72.
The increase in trading volume itself is a signal—usually indicating that the market is about to show some movement. Next, closely monitor PAXG’s subsequent performance to see if it can break through or if it can hold steady at the support level.