$AGLD is trading back into a key supply zone where sellers could regain control, making this an attractive short opportunity.
Trading Plan – Short $AGLD
Entry: 0.180 - 0.190
SL: 0.205
TP1: 0.170
TP2: 0.165
TP3: 0.160
The recent rebound has pushed price back into a strong resistance area that previously triggered selling pressure. The current upside move still appears to be a corrective retracement within the broader bearish structure, while liquidity continues to build below the recent swing lows.
Unless buyers can establish a convincing breakout and hold above this supply zone, the probability of a bearish rejection remains high. A move toward the downside liquidity targets is becoming increasingly likely, offering a favorable risk-to-reward setup for patient traders.
Manage risk properly, follow your trading plan, and always DYOR (Do Your Own Research).
Trading Plan – Short $AGLD
Entry: 0.180 - 0.190
SL: 0.205
TP1: 0.170
TP2: 0.165
TP3: 0.160
The recent rebound has pushed price back into a strong resistance area that previously triggered selling pressure. The current upside move still appears to be a corrective retracement within the broader bearish structure, while liquidity continues to build below the recent swing lows.
Unless buyers can establish a convincing breakout and hold above this supply zone, the probability of a bearish rejection remains high. A move toward the downside liquidity targets is becoming increasingly likely, offering a favorable risk-to-reward setup for patient traders.
Manage risk properly, follow your trading plan, and always DYOR (Do Your Own Research).