PAXG's recent trend is quite promising. After the previous adjustment, a beautiful ascending triangle pattern has gradually formed. From the chart, the breakout signal is already very clear.
The key is the trading volume—although it appears calm on the surface, there are actually hidden currents surging beneath, with accumulating volume quietly building up. This situation often indicates an upcoming strong upward breakout. From a technical standpoint, the 4650 level is very likely to become the main target of this round of rally.
The current combination of pattern and volume indeed gives a sense of readiness to move. If this breakout is confirmed, it could trigger a fairly substantial rebound. Of course, every trade carries risks, but from a technical perspective, this logic is worth paying attention to.
What do you think? Are you watching for a breakout opportunity in this asset?
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DeFi_Dad_Jokes
· 10h ago
Hey, I got in as soon as the ascending triangle broke out. Now it's just a matter of whether we can smoothly reach 4650.
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I believe in volume accumulation, but let's see if there's a real breakout. We've seen several false signals before.
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4650? That's too optimistic. I think we should first hold at 4500 before talking.
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It's just a triangle, acting as if it's very mysterious. When the trend is good, anyone can see it...
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Waiting for confirmation signals. It's a bit early to enter now, but anyway, missing out isn't a big deal.
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The term "undercurrent" is appropriate; I just don't know whether the next move will be upward or a sell-off.
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I'm optimistic about this wave. I've already started small positions, betting on it shouldn't be a problem.
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zkProofGremlin
· 10h ago
The saying that "undercurrents are surging" sounds like it's about to take off, but I care more about whether the trading volume can really keep up.
4650 is indeed worth a gamble, it all depends on whether the volume supports the breakout.
If this breakout fails, I will just liquidate everything directly, no time to wait for repeated attempts.
View OriginalReply0
MysteryBoxAddict
· 01-11 07:43
The ascending triangle is indeed quite classic, but I'm worried it might just be a false breakout again.
I support the idea of 4650, but the hidden formation with volume needs to be cautious; it feels like a recurring hype.
Wait for a confirmed breakout before jumping in, or you'll end up being the bag holder again.
Can PAXG really move this time? Holding some cash still feels more secure.
I've seen similar patterns before, but they just fluctuate wildly; ultimately, the volume size speaks volumes.
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StableNomad
· 01-09 02:52
ngl, the ascending triangle setup does hit different statistically speaking... but reminds me of UST in May when everyone was hyped on the chart patterns too. risk-adjusted returns on this breakout really depend on where smart money is actually moving. not financial advice but that 4650 target feels optimistic given correlation coefficients lately.
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ZenMiner
· 01-09 02:52
The pattern of breaking the ascending triangle has been seen too many times. Can it really break this time? I'm a bit skeptical.
Hidden accumulation through volume... sounds very sophisticated, but is it real or just a bluff?
4650 feels too optimistic. I'll wait and see if it breaks or not before making any judgments.
This kind of technical analysis always sounds very confident, but in the end? It's still most important to have good stop-loss strategies.
Honestly, I believe more in whether there is significant institutional entry; volume speaks volumes.
View OriginalReply0
¯\_(ツ)_/¯
· 01-09 02:51
The saying "underlying currents surging" is spot on; I'm just worried it might be a false alarm.
Let's talk after breaking below 4650; there have been quite a few "beautiful patterns" before.
Accumulated trading volume is a good sign, but I've heard this logic too many times.
I'll follow once the breakout is confirmed; for now, I'm still observing.
PAXG doesn't fluctuate that much, so don't expect too much.
View OriginalReply0
LiquidationWizard
· 01-09 02:47
There’s a lot of undercurrents, which sounds quite mysterious, but I definitely don’t rule out this possibility.
To be honest, I’ve seen this kind of pattern many times. The key is whether 4650 can really break through.
Let’s wait for the results. A good-looking pattern is one thing, but real gold and silver are what count.
I just want to ask, what if it drops? How should the stop-loss be set?
PAXG's recent trend is quite promising. After the previous adjustment, a beautiful ascending triangle pattern has gradually formed. From the chart, the breakout signal is already very clear.
The key is the trading volume—although it appears calm on the surface, there are actually hidden currents surging beneath, with accumulating volume quietly building up. This situation often indicates an upcoming strong upward breakout. From a technical standpoint, the 4650 level is very likely to become the main target of this round of rally.
The current combination of pattern and volume indeed gives a sense of readiness to move. If this breakout is confirmed, it could trigger a fairly substantial rebound. Of course, every trade carries risks, but from a technical perspective, this logic is worth paying attention to.
What do you think? Are you watching for a breakout opportunity in this asset?