$PAXG

The long liquidation near $4818 marks a sudden downside sweep that cleared leveraged longs after a sharp move, often creating a short-term stabilization zone. Price is now reacting around a strong support region near $4740, which has previously triggered rebounds during pullbacks. As long as this level holds, a recovery toward immediate resistance at $4900 is likely, followed by a potential continuation toward the next target around $5050 where heavy selling occurred earlier. Selling pressure appears to be slowing after the flush, suggesting downside exhaustion. A breakdown below $4740, however, could expose lower liquidity near $4580 before stronger demand returns. Overall structure favors a corrective bounce as leverage resets around major support. $PAXG ‌