The cryptocurrency $AGT exploded today; it looks fierce but carries a hint of danger.
From the trading volume, it's clear that short-term speculative funds are playing hot potato. This situation is not driven by major players manipulating the market; instead, it’s retail investors FOMO-ing in to catch the ride.
Open interest has also surged, indicating that large funds are making moves. If profit-taking hits, it could collapse in minutes. In the short term, this rapid surge will either force a short squeeze for further acceleration or lead to a high plateau for distribution. Entering now carries more risk than opportunity.
Don’t naively jump in to play the bag holder; such small coins rise quickly but can plummet even faster. Be cautious, or you might find yourself losing half your investment in a day, teaching you a lesson.
