$AGLD – Rejection at Peak, Correcting to Key Support
Trading Plan: Short $AGLD
Entry: 0.1804 – 0.1982
Stop Loss (SL): 0.2150
Take Profit 1 (TP1): 0.1726
Take Profit 2 (TP2): 0.1581
Take Profit 3 (TP3): 0.1400
After a massive rally toward the 0.2692 mark, the price faced heavy selling pressure and is now forming consecutive bearish candles on the 4-hour frame. It has broken below the 7-period Moving Average (MA7 at 0.1982), indicating shifting momentum. Volume is declining on this pullback, but until the price stabilizes near the major support of the 25-period Moving Average (MA25 at 0.1726) or deeper support zones, the immediate path of least resistance remains skewed to the downside.
Trade $AGLD here 👇
Trading Plan: Short $AGLD
Entry: 0.1804 – 0.1982
Stop Loss (SL): 0.2150
Take Profit 1 (TP1): 0.1726
Take Profit 2 (TP2): 0.1581
Take Profit 3 (TP3): 0.1400
After a massive rally toward the 0.2692 mark, the price faced heavy selling pressure and is now forming consecutive bearish candles on the 4-hour frame. It has broken below the 7-period Moving Average (MA7 at 0.1982), indicating shifting momentum. Volume is declining on this pullback, but until the price stabilizes near the major support of the 25-period Moving Average (MA25 at 0.1726) or deeper support zones, the immediate path of least resistance remains skewed to the downside.
Trade $AGLD here 👇