$AGLD /USDT: Bearish Momentum or Recovery Zone?
1. Entry Point: $2.05 (on breakdown below support).
2. Take Profit Levels:
TP1: $2.00
TP2: $1.95
TP3: $1.90
3. Stop Loss: $2.15
4. Alternate Bullish Play: Long above $2.10, targeting $2.25 with SL at $2.00.
5. Technical Insight: Downtrend continuation if the support at $2.05 breaks.
6. Indicators: MACD bearish, RSI approaching oversold.
7. Volume Analysis: Reduced buying interest during recovery attempts.
8. Key Resistance: $2.20 – Breakout invalidates the short setup.
9. Risk Management: Adjust stop loss to $2.05 after TP1 for risk-free trade.
10. Market Sentiment: Neutral to bearish with a chance for short-term bounce.