๐ LONG Setup: AGLD/USDT โ 30m Timeframe ๐
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๐ Current Price
AGLD/USDT is trading around $0.80, bouncing between $0.74โ$0.81โrecently reclaiming the upper trendline of its descending channel .
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๐ Technical Outlook
Price has respected the descending channel and bounced off its lower boundary near $0.74.
A breakout above the upper channel trendline (around $0.80โ$0.82) could trigger a bullish run.
RSI is recovering from oversold levelsโsuggesting upward momentum.
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๐ ๏ธ Trade Setup
Element Level
Entry $0.805 โ $0.82
Stop Loss Below channel (~$0.74)
Take Profit (TP1) $0.87 (next resistance)
Take Profit (TP2) $0.95โ$1.00 (higher resistance zone)
๐ Risk/Reward ratio: ~1:3โ1:4
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๐ก Trade Plan
1. Prepare long entry within the entry zone when price confirms a breakout above the descending channel (e.g., closes above $0.82).
2. Set stop-loss just below the lower channel line (~$0.74) to limit downside.
3. Scale out in two parts:
Exit half at TP1 (~$0.87)
Let the rest run toward TP2 (~$0.95โ$1.00)
4. Trail remaining position with a tight-moving stop above the upper channel as it trends upward.
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โ Summary
Entering a long once AGLD convincingly breaks out of its descending channel offers a clear, structured setup with defined risk and solid upside potential. Watch for sustained bullish momentum above $0.82โ$0.85 before pulling the trigger.
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๐จ Reminder: Crypto is highly volatileโmanage position sizing and stick to your plan!