Breaking: $AGLD Faces Bearish Pressure on 4h Chart Amid Key Resistance Rejection
$AGLD is confirming a bearish downtrend on the 4h timeframe, with multiple indicators aligning against bulls.
Price action is decisively below the 200 and 20 EMAs, signaling strong bearish momentum. Key resistance between $0.526 and $0.584 has held firm, capping upside attempts. The token currently hovers near recent lows around $0.40 after forming a bearish gap. Traders may consider short opportunities on a retest of $0.44–$0.46 resistance, ideally confirmed by bearish candlestick patterns like pin bars. Take-profit targets align near prior demand zones at $0.10–$0.12. Stop-losses should remain above $0.58, beyond which the bearish thesis would be invalidated. Monitor lower timeframes for confirmation to manage risk effectively.
⚠️ This is an AI analysis and not financial advice.
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