$AGLD /USDT Technical Analysis ‼️‼️

Current Price: $1.430

Support Levels:

- $1.388 (recent low and key support zone)

- $1.369 (24-hour low, additional support zone)

Resistance Levels:

- $1.469 (recent high and immediate resistance)

- $1.507 (24-hour high, strong resistance level)

Long Setup

- Entry: $1.388 - $1.400 (near support zone)

- Stop Loss: $1.360 (below 24-hour low to manage risk)

- Take Profit: $1.469 - $1.500 (near resistance levels)

- Reason: A bounce from $1.388 support could indicate renewed bullish momentum, with RSI showing potential recovery from oversold conditions.

Short Setup

- Entry: $1.450 - $1.469 (near resistance zone)

- Stop Loss: $1.510 (above 24-hour high to invalidate bearish setup)

- Take Profit: $1.388 (testing key support)

- Reason: Price rejection at $1.469 or $1.507 resistance could signal a pullback, with RSI near neutral levels showing room for downside.

Technical Analysis:

1. On the 15-minute chart, the price spiked to $1.507 before retreating, indicating strong resistance at this level.

2. The RSI is around 43, suggesting neutral momentum with a slight bearish bias.

3. The price is consolidating between $1.388 and $1.469, forming a short-term range. A breakout above $1.469 could signal further upside, while a breakdown below $1.388 could lead to additional downside.

Risk Management:

- Use no more than 2% of your account balance per trade.

- Monitor volume and RSI closely to confirm breakout or breakdown scenarios.

Signal Validity: Until price moves significantly beyond $1.388 support or $1.507 resistance.