Yesterday we traded
$AGT live with a level of precision that even scared me ๐ฅ
Here are 3 points explaining what made me spot the Long.
CLICK HERE TO SEE THE CHART FOR
#AGT ๐๐๐๐
I was going to post it in my
#Square channel as a signal and launch it through the channel we have.
I decided to trade it live because of the huge liquidity trap we caught beautifully.
Why did it go so well if itโs a
#lowcap ? Well, because I was watching the 1-minute timeframe and drew the right conclusions.
Hereโs what I did ๐
- I saw that a bounce off an immediate 1-minute support level was underway. I counted more than 3 bounces, and the Fibonacci levels remained intact. To give you an idea of how crazy this is: technical indicators generally donโt work on low caps, so for them to work on this coin the way they did was a one-in-a-million occurrence.
- The market cap was high, even though the liquidity withdrawal was just as high. A common trap is to look at the market cap and stop there. I looked at the market cap and open interest and realized that they were actively accumulating. Remember, a million dollars in
#AGTToken is not the same as a million in
$BTC โthe liquidity is infinitely different.
- The liquidity walls were going to be easy to break through because of that same accumulation. Once those walls broke, it would translate into a candle like the one we saw yesterday, as momentum picked up and selling pressure was defeated. Even the funding favored shorts, and still, it didnโt work.
So those were the main reasonsโand of course, spotting the candlestick formation, like I did with
$Q , is what led us to that beautiful long :) So Iโm happy.