Don’t rush to call a bottom on this AGT move. I’m waiting for one sign of recovery to appear first.
Binance USDⓈ-M Perpetuals｜AGT is down 13.91% over the past 24 hours, and weakness persists. For signs of recovery, first watch whether selling pressure eases. Current price is around 0.068634, with 24-hour trading volume of about 425 million; the 30m volume ratio is 1.7x, indicating rising participation. Market data: short accounts make up 64%; taker buy/sell ratio is 1.09 (aggressive trading is close to balanced); 30m open interest is up 0.3%; funding rate is +0.0242%.
Reference indicators: the 30m MACD histogram is -0.0012, indicating that short-term bearish momentum is dominant; the 30m ATR trend band reference level is 0.082560. Price is below this level, suggesting that the trend support level is coming under pressure.
For now, watch just two confirmation points. First, can the taker buy/sell ratio of 1.09 move decisively out of the equilibrium zone around 1? Second, will the MACD histogram at -0.0012 continue to widen, or start to contract?
#AGT #UnusualMoveAlert
Binance USDⓈ-M Perpetuals｜AGT is down 13.91% over the past 24 hours, and weakness persists. For signs of recovery, first watch whether selling pressure eases. Current price is around 0.068634, with 24-hour trading volume of about 425 million; the 30m volume ratio is 1.7x, indicating rising participation. Market data: short accounts make up 64%; taker buy/sell ratio is 1.09 (aggressive trading is close to balanced); 30m open interest is up 0.3%; funding rate is +0.0242%.
Reference indicators: the 30m MACD histogram is -0.0012, indicating that short-term bearish momentum is dominant; the 30m ATR trend band reference level is 0.082560. Price is below this level, suggesting that the trend support level is coming under pressure.
For now, watch just two confirmation points. First, can the taker buy/sell ratio of 1.09 move decisively out of the equilibrium zone around 1? Second, will the MACD histogram at -0.0012 continue to widen, or start to contract?
#AGT #UnusualMoveAlert