📉 $AGLD /USDT — BEARISH RETEST OR BASE FORMING? 🔄
$AGLD is under pressure, trading at $0.817 after a -5.77% drop on the day.
Price faced rejection near $0.875, unable to break above the 25MA ($0.861) and 99MA ($0.914).
It’s now hovering just under the 7MA ($0.820), signaling possible weakness unless buyers step in fast.
The recent higher low at $0.726 is still intact, but any drop below $0.813 could trigger a bearish breakdown.
Volume remains low, suggesting lack of conviction — time for traders to stay alert.
📊 Trading Plan (Short-Term Swing Setup)
• Short Entry: $0.820 – $0.835 (on rejection)
• Take Profit 1: $0.770
• Take Profit 2: $0.740
• Take Profit 3: $0.710
• Stop Loss: $0.870
Alternative long trade only if it breaks above $0.880 with strong volume.
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