$AGLD

AGLD/USDT Technical Analysis – 23 Dec 2024 🚀📈

💰 Current Price: $2.316 (+34.89%)

📊 24H High/Low: $2.496 / $1.659

🔄 24H Volume: 38.49M AGLD ($81.32M USDT)

📈 Market Overview

AGLD/USDT is experiencing a strong upward trend, with the price up by +34.89% in the last 24 hours. The pair is approaching its 24h high of $2.496, indicating significant buying pressure. Key indicators, including SAR and MACD, suggest continued bullish momentum, but resistance levels warrant close monitoring.

🎯 Key Targets

1️⃣ Target 1: $2.50

Why: The 24h high at $2.496 is the immediate resistance level. A breakout here signals further bullish potential.

🔥 Action: Watch for volume spikes and Bollinger Band expansion to confirm the breakout above $2.50.

2️⃣ Target 2: $2.80

Why: A mid-term Fibonacci extension target and psychological resistance. Sustained trading above $2.50 could propel the price toward $2.80.

🚀 Action: Use EMA alignment and bullish MACD confirmation to validate momentum.

3️⃣ Target 3: $3.00

Why: A major psychological resistance level and a key milestone for long-term bullish traders. Breaking $2.80 could lead to $3.00.

⚡ Action: Confirm consistent volume and a positive market sentiment before targeting $3.00.

📌 Indicators to Watch

SAR (Stop and Reverse): Support at $1.262 provides a base for the ongoing bullish trend.

📊 Bollinger Bands: Price is near the upper band, signaling either a potential breakout or a pullback.

📈 MACD: Monitor for continued bullish crossovers to support upward price action.

🎯 Trading Strategy

1. 🔑 Support Levels: $2.15 (minor support) and $1.66 (24h low) for managing risk.

2. 📉 Momentum Play: Enter on confirmed breakout above $2.50 or on a pullback to $2.15. Place a stop-loss below $2.10.

3. 💸 Profit Booking: Scale out positions at $2.80 and $3.00 while employing a trailing stop-loss to maximize gains.

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