$AGLD
AGLD/USDT Technical Analysis â 23 Dec 2024 đđ
đ° Current Price: $2.127 (+26.83%)
đ 24H High/Low: $2.496 / $1.659
đ 24H Volume: 33.67M AGLD ($70.39M USDT)
đ Market Overview
AGLD/USDT is gaining strong bullish momentum with a +26.83% surge in the last 24 hours. The price is approaching the 24h high of $2.496, a key resistance level. Indicators such as SAR and MACD suggest room for continued upward movement, but traders should remain cautious around resistance zones.
đŻ Key Targets
1ïžâŁ Target 1: $2.50
Why: The 24h high ($2.496) represents immediate resistance. A breakout here confirms continued bullish momentum.
đ„ Action: Look for confirmation through high volume and Bollinger Band expansion.
2ïžâŁ Target 2: $2.80
Why: A Fibonacci extension target and short-term psychological resistance. Sustaining above $2.50 could drive the price toward this level.
đ Action: Monitor EMA alignment and bullish MACD trends to validate momentum.
3ïžâŁ Target 3: $3.00
Why: A significant psychological resistance level marking long-term bullish potential. Breaking $2.80 could lead to $3.00.
⥠Action: Confirm strong volume and positive sentiment before aiming for $3.00.
đ Indicators to Watch
SAR (Stop and Reverse): Support is indicated at $1.262; maintaining above this level confirms bullish momentum.
đ Bollinger Bands: Price near the upper band signals potential for continued upside or short-term consolidation.
đ MACD: Look for sustained bullish crossovers and strengthening momentum for confirmation.
đŻ Trading Strategy
1. đ Support Levels: $2.00 (minor support) and $1.66 (24h low) for risk management.
2. đ Momentum Play: Enter on a breakout above $2.50 or after a pullback to $2.00. Place stop-loss below $1.95 to manage downside risk.
3. đž Profit Booking: Scale out at $2.80 and $3.00 while using a trailing stop-loss to lock in gains.