š„ $AGT Teetering on the Edge? Next Move Crucial! š„
The charts for $AGT are painting a rather grim picture, folks. We've seen a consistent downtrend, and the recent sharp decline suggests bears are firmly in control. Volume did spike on that last major drop, which is a classic sign of capitulation, but the bounce so far looks weak. It recently became available for futures trading on several platforms, which can increase volatility.
š Trading Outlook:
ā”ļø Potential Long (High Risk, No Leverage): If, and only if, we see a strong reclaim of the 0.015000 USDT level with significant buy volume, a relief bounce could be in play. Target would be modest, around the 0.017500 - 0.018000 USDT resistance. This is a counter-trend trade, so exercise extreme caution.
ā”ļø Short Setup (With Leverage, Experienced Traders): Continuation below the recent low of approximately 0.013100 USDT would confirm the bearish trend. A break here could open the doors to further downside, potentially towards the 0.010000 USDT psychological level. Manage risk tightly due to potential sharp bounces.
š§ Overall, the sentiment is bearish. The price is struggling below key moving averages, and any upward movement needs to prove itself with strong volume and conviction. There was some positive buzz around AGT's AIVille project and its performance in the USD1 ecosystem on June 15th-16th, but this hasn't translated into a sustained price reversal yet.
ā ļø NFA/DYOR.
#AGT #CryptoTrading #BearMarket
