$AGLD Short Liquidation Alert: $31K at $2.443! 🟢

A $31K short liquidation just occurred at $2.443 on AGLD (Adventure Gold), signaling growing bullish momentum as sellers are forced to exit.

This pivotal moment presents an excellent trading opportunity for those ready to ride the wave. Let’s break down the next steps!

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Market Analysis

1. What Happened?

Short liquidations occur when sellers are forced to close their positions as prices rise, often leading to further bullish momentum.

2. Current Sentiment:

Bullish, with potential for a sustained rally if key levels hold.

Key Levels to Watch

Entry Point (Buy Zone): $2.40–$2.45

Look for consolidation or minor dips within this range to enter a position.

Target Levels:

Short-Term Target: $2.60

Mid-Term Target: $2.80

Extended Target: $3.00

Stop Loss: $2.35

Exit the trade if the price drops below this key support level to minimize losses.

Trading Plan

1. For Buyers:

Enter within the buy zone ($2.40–$2.45).

Set a stop loss at $2.35 to protect your position.

Take profits incrementally at $2.60, $2.80, and $3.00.

2. For Sellers:

Shorting is risky now due to strong bullish momentum. Consider waiting for a reversal before entering a position.

Why This Matters

Short liquidations often signal a market shift, with bullish momentum building as weak sellers are forced out.

The $2.40–$2.45 range is a critical support zone—if buyers defend it, a significant rally could follow.

Final Thoughts

This AGLD short liquidation marks a key opportunity for traders to capitalize on bullish momentum. Follow the strategy, manage risks, and stay disciplined.

The bulls are charging—don’t miss the ride!

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