PAXGUSDT Bearish Continuation Scenario From Daily Rising WedgePAX Gold / TetherUSBINANCE:PAXGUSDTSKY5PAXGUSDT is showing signs of rejection below the 0.5 Fibonacci resistance on the 4H chart, where price appears to have formed a bearish rejection candle, possibly close to a bearish engulfing or a mild shooting star structure. This reaction becomes more meaningful when viewed alongside the broader Daily chart, where price appears to be developing a bearish rising wedge. That adds confluence to the idea that the recent upside move may only be a short corrective rally rather than a true trend reversal. If the ascending trendline is broken and confirmed, that could serve as the first signal that the broader bearish trend is resuming. In that case, the downside targets could come in at 4150, 4000, and 3850 respectively.