Entry at 5,015
TP: 5,150
SL: 4,980
Post
Emerson Sant
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$PAXG ⚡ PAXG: Alert of imminent Short Squeeze? 🚀
Today, 10/02, PAXG shines at $5,038, with a volume of $421M. While retail is in "Extreme Fear", on-chain reveals whales holding support at $5,017. With funding rates rising, the bears betting against gold are in the danger zone. 🛡️
The Trigger: If the price breaks the technical barrier of $5,125, we could see a cascading liquidation of shorts, pushing the asset towards the target of $5,500. Smart money is already profiting +200% and shows no signs of dumping.
Verdict: Digital gold is draining the exchanges. Institutional buying pressure is the fuel for the next parabolic move.
📈 Will you bet against the backing or ride the rocket?
#PAXG #GoldSilverRally
{spot}(PAXGUSDT)
Today, 10/02, PAXG shines at $5,038, with a volume of $421M. While retail is in "Extreme Fear", on-chain reveals whales holding support at $5,017. With funding rates rising, the bears betting against gold are in the danger zone. 🛡️
The Trigger: If the price breaks the technical barrier of $5,125, we could see a cascading liquidation of shorts, pushing the asset towards the target of $5,500. Smart money is already profiting +200% and shows no signs of dumping.
Verdict: Digital gold is draining the exchanges. Institutional buying pressure is the fuel for the next parabolic move.
📈 Will you bet against the backing or ride the rocket?
#PAXG #GoldSilverRally
{spot}(PAXGUSDT)
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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