$AGLD /USDT pair has shown significant bullish momentum, with a strong 24-hour price increase of +35.84%. The price surged from a 24-hour low of 1.257 USDT to a high of 1.836 USDT. Currently, it is trading at 1.755 USDT, consolidating near a resistance zone.
Key Levels:
Resistance Levels:
Primary Resistance: 1.800 USDT (marked with white as a resistance zone)
Secondary Resistance: 1.836 USDT (24-hour high)
Support Levels:
Primary Support: 1.700 USDT (recent bullish structure)
Secondary Support: 1.600 USDT
Indicators:
1. Bullish Indicators:
Strong upward momentum with long green candles and sustained buying volume.
Higher lows indicate a bullish continuation pattern.
2. Bearish Indicators:
RSI may approach overbought territory soon, suggesting caution for aggressive entries.
Short wicks at the top of candles near 1.800 USDT show potential selling pressure.
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Trade Signals:
Long Trade Signal:
Entry Price: 1.750–1.760 USDT
Take Profit Targets:
1. 1.800 USDT
2. 1.850 USDT
3. 1.900 USDT
Stop Loss: 1.690 USDT
Risk-to-Reward: Favorable for continuation patterns.
Short Trade Signal:
Entry Price: 1.830–1.850 USDT (if resistance holds)
Take Profit Targets:
1. 1.750 USDT
2. 1.700 USDT
3. 1.650 USDT
Stop Loss: 1.870 USDT
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Cautionary Notes:
Monitor trading volumes near 1.800 USDT, as low volumes could signal a false breakout.
Watch for RSI divergence or rejection from resistance zones for potential reversals.
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