🔥 $PAXG SHORTS ARE GETTING SQUEEZED — $4,628 AREA IN FOCUS
🟢 #PAXG Short Liquidation: $9.6691K at $4,628.5624
This liquidation signals that short positions are being forced out as buyers defend the current zone. When shorts get trapped around a key price level, momentum can accelerate quickly if fresh volume enters.
📊 Support: $4,600–$4,620
🧱 Resistance: $4,660–$4,700
🚀 Next Target 🎯: $4,750 → $4,800 → $4,850
🔥 Breakout Zone: A strong move above $4,700 could open the path toward the next psychological levels.
The key now is whether #PAXG can hold above the liquidation area and build higher lows. If buyers maintain pressure, another short squeeze could develop. If $4,600 fails decisively, the bullish setup weakens and a deeper pullback becomes possible.
💡 Pro Tip: Don’t chase a green candle after a liquidation spike. Wait for confirmation, watch volume, and look for a successful retest of resistance turned support.
⚠️ Manage leverage carefully. Liquidation data shows positioning pressure, not a guaranteed direction.
watch the $4,700 breakout closely. 🎯$PAXG #Clarity Act Senate vote #Institutional lending on XRP Ledger #Grayscale ZEC ETF nears launch #Sandbox halts bridging after exploit #Sandbox halts bridging after exploit
