$AGLD Short Liquidation: $5,029.9 at $1.86361 indicates significant short positions being liquidated at this level.

This suggests that sellers were forced out as the price moved against them, potentially indicating bullish momentum.

What Next for $AGLD.

1. Current Market Sentiment:

The liquidation event suggests potential upward movement as shorts are being cleared.

However, further confirmation is needed before entering a trade, as liquidations can lead to sudden volatility.

2. Buy Zone:

Key Support Levels:

$1.75 to $1.85 (good zone for buying if price stabilizes here).

Ensure to monitor price action enter only if the price shows signs of support (like higher lows or reversal candles).

3. Targets:

Short-Term Targets:

Target 1: $2.00 (psychological level).

Target 2: $2.20 (resistance from previous price action).

Long-Term Targets:

Target 3: $2.50 (major resistance zone).

4. Stop Loss Levels:

Recommended Stop Loss: Below $1.70.

If the price breaks $1.70, it may lead to further downside.

Technical Indicators to Watch:

1. Moving Averages:

Check if the price is trading above the 50 EMA (Exponential Moving Average) for confirmation of an uptrend.

2. RSI (Relative Strength Index):

RSI above 50 indicates bullish momentum.

RSI over 70 could signal overbought conditions proceed with caution.

3. Volume:

Higher volume on upward price movements strengthens bullish sentiment.

Summary:

Buy Zone: $1.75 - $1.85.

Targets: $2.00, $2.20, $2.50.

Stop Loss: Below $1.70.

Action Plan: Wait for confirmation before buying. If the price consolidates in the buy zone, it’s a good opportunity to enter.

Keep monitoring market conditions and avoid emotional trading. Trade safely.

#AGLD/USDT #BinanceLaunchpoolBIO #BinanceAlphaAlert #ChristmasMarketAnalysis #BTCNextMove