The $AERGO /USDT chart shows a bullish trend with the price rising from $0.0904 to a high of $0.1170, marking a gain of over 14%. This sharp rise indicates a strong buying momentum, likely driven by an increase in demand. The current price at $0.1119 shows some consolidation after the high, indicating that buyers are still in control, but some traders may be taking profits, causing a slight pullback.

The key resistance level stands at the recent high of $0.1170. If the price can break above this level with continued buying pressure, we could see a further rally towards new highs. On the downside, the nearest support level is around $0.1086, where the price may find stability in case of a pullback. A break below this level could lead to further downside, and traders should keep an eye on the $0.0988 support zone for a potential reversal.

For traders looking to go long, a confirmed breakout above $0.1170 would be an ideal entry point. Alternatively, entering at a pullback near $0.1086 support could provide a safer risk/reward ratio. Placing stop-losses below key support levels will help in managing risk, especially in case of increased volatility.

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