$AGLD Long Liquidation Alert
A total of $7.6666K was liquidated at the price of $2.55981, showing bearish pressure as longs were wiped out.
What’s Next?
The recent long liquidation suggests sellers are in control. Here’s a detailed plan for your next move:
Buy Zone
Entry Range: $2.450 - $2.500
This area may act as a support zone for a potential rebound or consolidation.
Target Levels
Target 1: $2.600 (short-term recovery level)
Target 2: $2.700 (mid-term resistance)
Target 3: $2.800 (key breakout target)
Stop Loss
$2.400
Set your stop loss below this level to limit potential losses if the bearish trend continues.
Key Insights
Bearish Signal: The liquidation highlights seller dominance; caution is advised.
Market Sentiment: Watch for signs of stabilization or a reversal near the buy zone.
Volume Watch: Increasing volume at lower prices might indicate a reversal or further downside.
Pro Tips for Trading
1. Wait for Confirmation: Ensure the price holds in the buy zone before entering.
2. Risk Management: Trade smaller positions during high volatility to protect your capital.
3. Monitor Trends: Broader market movements, especially BTC, can influence AGLD’s price.
Final Thought: $AGLD ’s next move depends on whether buyers step in or sellers continue to dominate. Stay alert, trade smart, and adjust your strategy as the market unfolds!