2026-01-09 21:23:00

PAXG recently experienced a sharp rally, but careful monitoring reveals some clues. After reaching 4519.00, it immediately pulled back and is now down to 4506.05, breaking the short-term support MA5 (4500.66). Although it still remains above MA10 and MA20, the situation is indeed somewhat precarious.

The indicators show strong overbought signals. RSI(6) has risen to 62.26, firmly in the overbought zone. The MACD red histogram is narrowing, and the DIF and DEA are also approaching each other, indicating that the momentum is indeed waning. Combined with the price trend, it’s quite clear that the main force is pushing up to distribute.

If you want to participate, at the current price of 4506.05, go short directly, with the stop-loss above 4519.00. There are two target levels—first at 4461.91 (24-hour low), and then near MA60 at around 4461.99. If you are a long-term holder, hold firmly. Short-term traders can take partial profits at key support levels and avoid greed. Be cautious of the main force reversing and smashing the price down in overbought conditions; once important support is broken, be alert.

PAXG0,75%

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GateUser-e87b21ee

· 11h ago

The main force is really playing it well, touching 4519 and then bouncing back immediately, a classic trap to lure more buyers. Daring to hold on despite breaking the MA5, this market can't sustain much longer. RSI is already at 62 and still trying to push up? Dream on, the top signal is more obvious than ever. My advice is don't be greedy, take profits when you see gains, and safely go short to profit from this decline. When MACD narrows like this, it usually indicates an imminent sharp drop, that's how history has played out. Long-term holders should stay put, short-term traders should exit quickly, waiting at the 4461 level. Really, this kind of overbought pullback is often the last frenzy, be cautious of a major dump by the main force.

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GateUser-75ee51e7

· 12h ago

This routine of pushing up and selling off is old news. RSI is already at 62, dare to chase? --- Breaking the MA5 should be a warning; the main force's intentions are too obvious. --- Holding long-term is fine, but it's safer to exit now for short-term traders. --- MACD red bars are narrowing, the momentum is indeed weakening, I am bearish. --- With such strong resistance at 4519, the rebound should be smashed. --- Still playing with fire in the overbought zone? Quickly cut losses, everyone. --- Once the support level is broken, it's over. Don't regret it at 4461. --- Shorting at 4506 is still good, just afraid of a reverse smash. --- It's the same old trick by the main force—raising prices to sell off, as always. --- Don't be fooled by this surge; the indicators have been screaming.

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FUD_Vaccinated

· 12h ago

It's another time for the main players to run, this rhythm is all too familiar. Overbought so obviously but still dare to chase, no wonder you're getting hammered. Breaking 4506 below the MA5, it just doesn't look right. Hold long-term and you're good, but greedily waiting in the short term will get you trapped. MACD is almost a death cross, what are you still following? This dip to 4461 definitely didn't escape, the main players' tactics are just like this.

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LightningHarvester

· 12h ago

The smell of main force distribution is too strong, but I still remain bearish. It's the same old script again, pushing prices up only to dump. At the 4506 level, it's really time to sell half. Breaking the MA5 really warrants caution.

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FOMOmonster

· 12h ago

The main force's tactics are so old-fashioned, they play the same way every time. Another trick to push up and then dump, I am bearish. MACD is about to form a death cross but they still want to push, dreaming. Let's see how it goes when it reaches the 4461 level, we'll talk about it then. For long-term, just sleep; short-term really tests your mentality. This RSI is already overbought, there must be a dip before the madness. Breaking below MA5 should raise alert, it's time for the main force to dump. Escaping in batches, don't think about bottom-fishing, being too greedy will only lead to losses.

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MevHunter

· 12h ago

The main force's pattern of pushing up and then selling off is too obvious. The RSI is already overbought, and they still want to deceive people into continuing to buy in. --- Breaking below MA5 should be a warning; this correction rhythm is definitely a sign of a sell-off. --- Just hold long-term, don't be scared by short-term fluctuations. --- Set your stop-loss at 4519, don't let the main force cut the leeks. --- The MACD red histogram narrowing is so obvious; I already reduced my position. --- The first target is 4461.91; whether it can hold is the key. --- Overbought to this extent, a rebound is the signal to sell; greed is not allowed. --- Thinking of shorting now? I think we should wait and see; act at the next support level. --- Short-term traders really shouldn't be greedy at this point; take profits when you see gains. --- MA60 is the real bottom line; breaking it is truly dangerous.

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YieldFarmRefugee

· 12h ago

The main force's tactics are too old-fashioned; I've seen this kind of pump and dump many times. Wait until it breaks below 4500 before considering, it's not aggressive enough yet. Hold long-term, don't be scared by the daily chart. RSI is already at 62, still want to chase? Aren't you just asking for trouble? The real support is at 4461, don't be fooled by the rebound. Shorting is okay, but don't be too heavy-handed; the main force can counter at any time. This wave feels a bit frantic, it seems it needs to drop to 4480 to stabilize. Short-term traders, please be cautious, don't be scared out by a liquidation order. Once it breaks below MA5, it's time to run; it's too late to say these now.

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