$PAXG / USDT

This is slow, controlled price action, typical of a defensive asset. The sweep into 4,600 was aggressive, but the recovery since then has been steady and orderly, suggesting accumulation rather than emotional buying.

Price is currently rotating below the 5,100 supply area. That level is acting as a ceiling for now. Holding above 4,900 keeps structure intact and favors continued compression before a decision.

A clean acceptance above 5,100 would open upside liquidity, while losing 4,900 would likely drag price back toward 4,750–4,700. No rush here — this is about positioning around structure, not momentum.