š“$AGLD
BEARISH TECHNICAL ANALYSIS
The chart indicates a bearish setup as price struggles to break above the 0.291 resistance zone and forms a lower high. Weak momentum after recent attempts to push higher suggests sellers are gaining control, signaling a likely downside correction toward key support levels.
Bearish Highlights:
ā¢ Rejection from 0.291 resistance zone
ā¢ Formation of lower highs confirming bearish pressure
ā¢ Momentum fading after minor bullish attempts
ā¢ Price testing mid-range support levels
POTENTIAL TARGETS (TP):
ā¢ TP1: 0.280 zone
ā¢ TP2: 0.270 zone
ā¢ TP3: 0.266 major support
STOP LOSS (SL):
ā¢ Above the recent resistance / lower high
RISK MANAGEMENT:
Risk only 1ā2% per trade, maintain strict stop-loss discipline, and avoid oversized positions during volatility.
