From the recent K-line trend, AGLD has formed a strong resistance level near 2.4, and each attempt to break through has failed to do so effectively. This indicates that the selling pressure above is quite heavy, as if it is firmly trapped in an invisible cage. Although technical indicators show some optimistic signals, market sentiment indicates that bearish forces are quietly accumulating, making a short-term rebound nearly impossible. This means that the bearish energy has quietly built up and could explode at any time.
Currently, AGLD is facing strong suppression, and the key resistance level of 2.4 has become the 'ballast' of the short-term trend. If the price continues to fail to break through this position, the bearish forces are likely to explode in the short term, triggering a strong downward trend. Therefore, if you plan to profit from this potential bearish market, now might be the best time to sell high and go short.
The current market situation is extremely favorable for short-term bears. If the current pressure situation continues, AGLD may face a wave of downward movement. In the coming days, the market's direction will determine the extent of the release of bearish forces in the short term. Seizing the opportunity and following market fluctuations may bring you decent returns.
Stay alert, as the market's direction could change at any time.
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