$AGLD A recent short liquidation occurred for AGLD at R$1.65113, with a liquidation value of R$2,047.4.
This indicates a strong buying pressure at this level, which caused shorts to get liquidated, signaling a potential trend reversal or bullish movement.
Next Possible Moves for AGLD:
Buy Zone:
Ideal Entry Points: R$1.60 - R$1.68
This range represents a strong support zone, where buyers previously stepped in, causing the short liquidation.
It's a safe area for potential accumulation if the price revisits this level.
Target Levels:
Target 1: R$1.75
First resistance level partial profits can be taken here.
Target 2: R$1.85
Strong resistance zone expect some selling pressure.
Target 3: R$2.00
Psychological resistance level reaching here could signal a breakout towards higher levels.
Stop-Loss:
Place a Stop-Loss at R$1.55.
If the price falls below this level, it might signal further downside.
Market Sentiment & Indicators:
1. Volume:
Check if trading volume increases near R$1.60 - R$1.68 higher volume confirms strong buying interest.
2. RSI (Relative Strength Index):
RSI near or below 30 indicates oversold conditions a good sign for buyers.
RSI above 70 signals overbought conditions time to consider profit booking.
3. Moving Averages:
Watch the 50-day MA as immediate support and the 200-day MA as long-term resistance.
Strategy Recommendation:
1. For Long-Term Holders:
Accumulate AGLD near the buy zone and hold until the R$2.00 target.
Trail your stop-loss as the price moves upward.
2. For Short-Term Traders:
Enter near R$1.60 - R$1.68.
Exit partially at R$1.75 and R$1.85, and fully close at R$2.00.
Disclaimer:
This analysis is based on current trends and is not financial advice. Always do your research and trade with caution.
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