$AGLD
AGLD/USDT Technical Analysis โ 23 Dec 2024 ๐๐
๐ฐ Current Price: $2.316 (+34.89%)
๐ 24H High/Low: $2.496 / $1.659
๐ 24H Volume: 38.49M AGLD ($81.32M USDT)
๐ Market Overview
AGLD/USDT is experiencing a strong upward trend, with the price up by +34.89% in the last 24 hours. The pair is approaching its 24h high of $2.496, indicating significant buying pressure. Key indicators, including SAR and MACD, suggest continued bullish momentum, but resistance levels warrant close monitoring.
๐ฏ Key Targets
1๏ธโฃ Target 1: $2.50
Why: The 24h high at $2.496 is the immediate resistance level. A breakout here signals further bullish potential.
๐ฅ Action: Watch for volume spikes and Bollinger Band expansion to confirm the breakout above $2.50.
2๏ธโฃ Target 2: $2.80
Why: A mid-term Fibonacci extension target and psychological resistance. Sustained trading above $2.50 could propel the price toward $2.80.
๐ Action: Use EMA alignment and bullish MACD confirmation to validate momentum.
3๏ธโฃ Target 3: $3.00
Why: A major psychological resistance level and a key milestone for long-term bullish traders. Breaking $2.80 could lead to $3.00.
โก Action: Confirm consistent volume and a positive market sentiment before targeting $3.00.
๐ Indicators to Watch
SAR (Stop and Reverse): Support at $1.262 provides a base for the ongoing bullish trend.
๐ Bollinger Bands: Price is near the upper band, signaling either a potential breakout or a pullback.
๐ MACD: Monitor for continued bullish crossovers to support upward price action.
๐ฏ Trading Strategy
1. ๐ Support Levels: $2.15 (minor support) and $1.66 (24h low) for managing risk.
2. ๐ Momentum Play: Enter on confirmed breakout above $2.50 or on a pullback to $2.15. Place a stop-loss below $2.10.
3. ๐ธ Profit Booking: Scale out positions at $2.80 and $3.00 while employing a trailing stop-loss to maximize gains.
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