🚨 $AGLD /USDT on the 15-Minute Chart 🚨
Current Price Action:
AGLD/USDT has shown a sharp decline from recent highs, with price momentum shifting downward. After reaching a high at 1.548, AGLD dropped to a low of 1.329 and is now stabilizing around the 1.365 mark. The chart indicates a potential consolidation phase, with the coin testing support levels for possible stability or a further dip.
Entry Price for Trades:
Consider entering at 1.360 for short-term positions if price holds near this level.
💡 Critical Levels to Watch: 💡
Resistance: 1.398 – Key zone that must be breached for any significant upward momentum.
Support: 1.329 – Major support level; a breakdown here could trigger a steeper decline.
📈 Take-Profit Targets:
1. Target 1: 1.380
2. Target 2: 1.420
3. Target 3: 1.450
🛑 Stop Loss:
Place a stop loss at 1.320 to manage downside risk.
⚠️ Cautionary Note:
Traders should watch for a breakout or breakdown near the current support and resistance zones. If AGLD holds above 1.329, it might stabilize or climb towards the resistance. However, a failure to sustain above this level could prompt further declines, intensifying selling pressure.
