🚨🚀 $PAXG Just Jumped 33% – What's Really Happening Here?

Let me break down what this chart is showing you, because PAXG is making some serious moves right now.

What I'm Seeing:

$PAXG has absolutely rocketed from around $4,181 to $5,584 – that's a massive climb in just a short period. The price shot past $5,637 earlier today before settling back slightly. When you see that kind of vertical green candle with huge trading volume (that big spike at the bottom), it tells me a lot of money just rushed in fast.

But here's what has me tapping the brakes: the RSI indicator at the bottom is sitting at 92.46. Think of RSI like a pressure gauge – it measures whether something is overheated. Anything above 70 is considered "overbought," and we're way past that. At 92, this move is extremely stretched and likely needs to cool off.

Why This Surge Happened:

Remember, PAXG is backed by actual physical gold – each token represents real gold in a vault. When you see moves like this, it usually means people are getting nervous about traditional markets or currencies, so they're flooding into gold as a safe haven.

Here's My Honest Take:

Yes, the trend is clearly pointing up – no question about it. But buying right now, after a 33% spike with RSI at 92? That's like jumping onto a train that's already at full speed. It's risky.

The smarter play? Wait for it to catch its breath. I'd be watching for a pullback to around the $5,085 level (that green moving average line) or even down to $4,600. When that first dip happens and people start panic-selling, that's usually when the real opportunity shows up.

Want a Game Plan?

I can map out specific entry points based on the support levels in this chart – places where the price might stabilize and give you a better, safer entry. Just say the word and I'll put together a strategy for you.

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