🟢 $PAXG Short Liquidation: $6.384K at $4,267.40
PAX Gold just recorded $6.384K in short liquidations, a sign that bearish traders were forced to exit as price pushed higher. Liquidation-driven buying can strengthen bullish momentum, especially when the market breaks above nearby resistance. As a token backed by physical gold, PAXG often benefits when investors rotate into defensive assets during periods of market uncertainty.
🟢 Support: $4,245 – $4,255
🔴 Resistance: $4,285 – $4,300
🎯 Next Target: $4,320, with an extended target near $4,350 if buyers continue absorbing selling pressure.
💡 Pro Tip:
A short squeeze can create rapid price spikes, but sustainable moves require strong buying volume and confirmation above resistance. Wait for a breakout or a successful retest before entering, and always protect your position with a well-defined stop loss.$PAXG #Visa expands stablecoin payments #CLARITY Act procedural delay #Coldcard wallet seed vulnerability exploited #Coldcard hack triggers BTC transfers #Arthur Hayes predicts AI bubble burst
