๐ AGLDUSDT โ Testing Lower Support in Downtrend ๐
Price is down -7.33%, trading below key moving averages and approaching recent lows. The bearish alignment of MAs and declining volume suggests caution for buyers. A break below support could trigger further selling.
๐ฏ Trade Idea (Bearish Continuation):
ยท Entry Zone: 0.278 โ 0.282 (Break/retest of support area)
ยท TP1: 0.270
ยท TP2: 0.260
ยท Stop Loss: 0.288
๐ฏ Alternative (Counter-Trend Bounce):
ยท Entry Zone: 0.274 โ 0.276 (Aggressive long at double bottom)
ยท TP1: 0.285
ยท TP2: 0.293
ยท Stop Loss: 0.269
๐ Why This Setup?
ยท Price is below MA(7), MA(25), and MA(99), indicating a clear near-term downtrend.
ยท The 0.274โ0.278 zone is critical; a loss here opens the door to lower levels.
ยท Volume is below its MA, suggesting a lack of strong buying pressure.
โ ๏ธ Reminder: This is not financial advice. Trading carries significant risk, especially in a downtrend. Manage your position size and always use stops.
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