📉 $AGLD
Short Momentum Setup
$AGLD is showing signs of local exhaustion after its recent push. The price is currently facing resistance and forming lower highs on shorter timeframes, suggesting a potential pullback.
📉 Trade Setup: Short (Sell)
Parameter Details
Entry Zone $0.295 – $0.302
Target 1 $0.280
Target 2 $0.272
Stop Loss $0.310
Key Technical Insights
Resistance: The $0.30 level is acting as a heavy psychological and technical barrier.
Momentum: RSI is showing a bearish divergence on the 1H/4H charts, indicating that buying pressure is fading.
Invalidation: A clean daily close above $0.31 would invalidate this short thesis, as it would signal a potential breakout toward $0.35.
Risk Management: Crypto markets are volatile. Always use a Stop Loss and avoid over-leveraging.
Nabiha Noor ✍️
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