PAXG recently formed a classic ascending triangle pattern, and the price successfully broke through the upper resistance. More importantly, this breakout was accompanied by a significant increase in trading volume, which is a quite positive signal from a technical perspective.
From the current trend, the bullish momentum is gradually being released. If the trading volume can continue to hold or further expand, PAXG has the opportunity to surge towards the 4700 level. This zone is worth paying close attention to—once broken, it could open up a larger upward space.
Of course, the market always has variables, but based on the technical pattern and volume cooperation, the short-term upward trend has been preliminarily established.
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just_here_for_vibes
· 01-09 17:57
Breaking below with volume expansion, this set is a classic. I need to mark 4700.
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gas_fee_therapist
· 01-07 03:52
Breakout + volume increase, this combination is indeed attractive. Keep a close eye on 4700, don't let a false breakout happen again.
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Volume support is the key; breakouts without volume are all nonsense.
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I've seen many triangle breakouts, but the key is whether it can hold or not, otherwise it will just go back.
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An increase in trading volume is a good sign, but with the current market so unpredictable, who dares to heavily buy in at 4700?
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Is the bullish momentum being released? I feel a bit skeptical...
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If this wave really reaches 4700, I’ll celebrate with a chicken leg.
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Volume + pattern support looks good, but I still want to wait for a pullback confirmation before entering.
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Another "opportunity"... I just want to know how high the probability really is.
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rugpull_survivor
· 01-07 03:51
Another triangle breakout? I've been hearing about this volume expansion setup for at least half a year. Every time, they say it will push to 4700, but what happened?
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FOMOSapien
· 01-07 03:51
The breakout with increased volume is serious; 4700 really feels like there's a real chance.
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not_your_keys
· 01-07 03:38
Breakout from the ascending triangle combined with increased volume. This set of tactics indeed gives hope, but wait... Is 4700 really that easy to reach? Feels like this has been said every time.
PAXG recently formed a classic ascending triangle pattern, and the price successfully broke through the upper resistance. More importantly, this breakout was accompanied by a significant increase in trading volume, which is a quite positive signal from a technical perspective.
From the current trend, the bullish momentum is gradually being released. If the trading volume can continue to hold or further expand, PAXG has the opportunity to surge towards the 4700 level. This zone is worth paying close attention to—once broken, it could open up a larger upward space.
Of course, the market always has variables, but based on the technical pattern and volume cooperation, the short-term upward trend has been preliminarily established.