Technical Analysis for $AGLD /USDT:
Current Price: $2.86 (Up 12.50%)
Trend: Bullish short-term (12.5% increase in the last 24 hours)
Support Level: $2.40 (recent 24h low)
Resistance Level: $3.04 (24h high)
Key Indicators:
Moving Average: Price above the 50-period moving average, signaling upward momentum.
Relative Strength Index (RSI): RSI is likely nearing overbought territory, suggesting caution for short-term buyers.
MACD: Positive crossover, confirming bullish momentum.
Trade Signal:
Entry: $2.85 (current price) with a breakout above $3.00 for confirmation.
Target Levels 🎯:
1. Target 1: $3.00 – Initial resistance zone.
2. Target 2: $3.20 – Next resistance level.
3. Target 3: $3.50 – Potential extended target if upward momentum continues.
Trade Momentum:
Momentum: Bullish (confirmed by price increase and MACD crossover)
Caution: Watch for any signs of RSI exceeding 70 (overbought), which may indicate a potential reversal or pullback.
Note: Always use stop-loss orders (e.g., below $2.60) to manage risk.
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