$AGLD is showing potential for a bearish reversal after a recent pump. The price is currently testing the 7-period MA (0.261) as resistance after failing to hold above it. Trading volume is significantly lower than both its 5-period and 10-period averages, indicating weak buying momentum and a high probability of a pullback. The asset faces significant long-term selling pressure, as evidenced by the deep negative returns over the past 180 days and 1 year.
Entry Zone: 0.259 - 0.263
TP1:0.250
TP2:0.245
TP3:0.240
Stop Loss:0.268
Risk Management: The weak volume confirms the bearish thesis. Use a tight stop loss and ensure position size is small to manage the volatility typical of NFT-related tokens.
Follow us for more latest signals on Binance 🔔
trade here $AGLD
AGLDUSDT
Perp
0.2591
+1.80%