🚨 $AGLD/USDT Trading Signal 🚨
$AGLD
$1.491
-9.14%
💡 Signal Type: Bearish Momentum
📊 Timeframe: 4H Chart $AGLD
🔑 Key Levels to Watch:
Support: $1.40 – A breakdown below this level could confirm bearish momentum.
Resistance: $1.65 – A bounce from this level may lead to further downside.
🎯 Trade Setup:
Entry Zone: $1.55 - $1.60
Take Profit Levels (TP):
1️⃣ TP1: $1.40 (-6.5%)
2️⃣ TP2: $1.30 (-12.0%)
Stop Loss (SL): $1.70 (+5.2%)
📝 Market Insight:
$AGLD has seen a decline of 9.14% and is showing signs of weakness. The price is approaching critical support at $1.40. A break below this level could open the door to further downside movement. Watch for a potential retracement towards $1.65 as a resistance zone.
💡 Strategy Recommendation:
Enter between $1.55 - $1.60 to short the pair if the bearish trend continues.
Secure profits at TP1, and consider trailing stop-loss for TP2 to lock in gains.
Use proper risk management and be cautious of any bullish reversals.
📢 Pro Tip: Monitor volume closely for confirmation of the downtrend!