This chart shows the price movement of the $AGLD /USDT trading pair on Binance over a 15-minute timeframe. The current price is 1.912, with a slight decline of -1.04% at the moment. Here's a professional analysis:
1. The chart displays a clear uptrend over the last 90 days, with a 107.14% gain, indicating bullish market sentiment on a broader scale.
2. Short-term resistance is visible around 2.10–2.20, while support lies near the 1.80 level.
3. For a long position, consider entering if the price sustains above 1.92 with strong bullish volume. Set the stop loss at 1.85 and target 2.10 for a 9% upside potential.
4. For a short position, enter only if the price breaks below 1.85 with high bearish momentum. Set the stop loss at 1.95 and target 1.75 for a 5% downside potential.
5. The RSI and MACD indicators should be consulted for further confirmation of entry signals.
Risk management is crucial: do not risk more than 2% of your portfolio on a single trade, and monitor price action closely for signs of trend reversal.
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