$AGLD /USDT Trading Signal - Testing Key Support Zone

Current Price: $1.920 (-2.59%)

Key Metrics:

24H High: $2.187

24H Low: $1.896

Market Overview:

AGLD is trading near its 24-hour low after a steady decline, with resistance forming at the 25-day moving average ($2.006). The price is approaching critical support around $1.896, where bulls may attempt to defend.

Key Levels:

Resistance: $2.000 | $2.100

Support: $1.890 | $1.800

Analysis:

A rejection near the 7-day moving average ($1.966) highlights bearish sentiment. A break below $1.890 could accelerate the downtrend toward $1.800. However, a bounce at this level may offer a short-term recovery opportunity.

Trade Idea:

Entry Zone: $1.910 - $1.940

Targets: $2.000 | $2.050

Stop-Loss: $1.870

Observation:

Monitor for strong volume near $1.896. Recovery above $2.000 would signal potential bullish momentum, while failure could lead to further downside.

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