technical analysis and trade signal for the $AGLD /USDT pair with three target levels and momentum insights:

Current Price: $2.27

24h Change: -19.54%

Recent Low: $2.26

Recent High: $2.86

Key Levels:

Support: $2.26 (recent low)

Resistance: $2.86 (24h high)

The price is experiencing a significant pullback from its recent high at $2.86, currently testing the support around $2.26. The momentum suggests that if the support holds, a reversal or consolidation near this level is possible.

Trend Indicators:

Relative Strength Index (RSI): The RSI is likely to be in the oversold zone, indicating that the asset could be due for a rebound.

Moving Averages: Short-term moving averages are likely to be below the price action, confirming bearish pressure in the near term.

Trade Momentum:

Bearish momentum: The price has been declining for the past 24 hours, suggesting that sellers are currently in control.

Consolidation Phase Possible: With RSI potentially oversold, the market could consolidate in the short term before any reversal.

Trade Signal & Target Levels:

1. Target 1: $2.40

A small rally could push AGLD to the first resistance level. If price holds above $2.26, expect an upward move to $2.40.

2. Target 2: $2.60

A breakout above $2.40 could see the price testing $2.60. This would indicate that bullish momentum is starting to take over.

3. Target 3: $2.80

If the market turns bullish and the price breaks through $2.60, the next target would be $2.80. However, this would depend on the overall market sentiment turning favorable.

Recommendation:

Short-term Trade: Consider entering around $2.26 if a slight bounce is observed, aiming for a move to $2.40 initially.

Long-term Trade: Wait for confirmation above $2.60 for a stronger bullish move, with a target of $2.80.

Stop Loss: Place a stop loss just below $2.20 to protect from further downside.

Momentum Insight: Due to the current bearish momentum, caution is advised. #BitcoinInSwissReserves #BTC94KShowdown #DEXVolumeRecord #BinanceAlphaAlert