$AGLD Tradeing Idea (4H Chart)

▶️ Entry Zone: 0.96 - 0.969

🛑 Stop Loss: Below 0.9462 (recent support)

🎯 Take Profit 1: 1.0559 (Previous resistance)

🎯 Take Profit 2: 1.0721 (Higher resistance)

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**Analysis:**

* Price is currently above all EMAs (7, 25, 99), indicating a potential bullish trend.

* Recent price action shows a downward trend, but a potential reversal is forming with a retest of the 0.9462 support level.

* RSI(14) at 55.8223 is in the neutral zone, suggesting indecision in the market.

* MACD is positive but nearing the zero line, indicating weakening bullish momentum.

* 24h loss of 0.97% with high volume indicates potential selling pressure.

**Rationale:**

The current market structure for AGLD/USDT is neutral, with the price forming a potential reversal pattern. A long entry can be considered after a clear bullish breakout above the 0.9694 resistance level. However, caution is advised due to the weakening bullish momentum.

**Caution:**

* The cryptocurrency market is highly volatile.

* Use stop-loss orders for risk management.

* False breakouts can occur, leading to potential losses.

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