#SwingTradingStrategy

Rally or Trap? AERGO Soars 30%, But There Are Warning Signs on the Chart!”

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🚀 AERGO/USDT rose more than 30% in a day, hitting a high of $0.13325. This surge certainly catches the attention of traders… but is this a sign of continued bullish momentum, or just a bull trap?

🧠 Quick analysis based on the chart (1m–15m):

• Price is too far from EMA200.

• RSI on the 15m timeframe broke >90 ➜ extremely overbought condition.

• There was rejection from the highest resistance, followed by a decrease in volume.

• The last candle started to break down from EMA9 & EMA21 on the small timeframe.

📉 This indicates potential short-term correction or even distribution.

💡 Strategies to consider:

If the price breaks down EMA21 on the 5m timeframe and selling volume increases, SHORT could be an option. Target: 0.123 / 0.119. SL above 0.1315.