$AGT 🔻 It plunged 35.71%, and now most people are already trying to catch the bottom. Is this a genuine reversal or another trap for those rushing to buy?
1. **Liquidity sweep before a move:** After a bearish move like this, the price may first sweep liquidity around or slightly below the key level of 0.038435. If it quickly reclaims this level after a manipulation wick, on high volume, and forms a bullish pin bar or engulfing candle, a quick countertrend long scalp toward 0.041758 and 0.042518 could be considered, with a stop below the wick’s lowest low. This is a countertrend scenario, not a reason to blindly buy every dip. 🪝
2. **Weak bounce and a trap for longs:** If the bounce reaches the upper zone of 0.042518-0.045481 and a bearish wick or engulfing candle appears there, a short toward the key liquidity level of 0.038435 and below could be considered. Wait for confirmation, and don’t open a short blindly where buyers may step in. The best trap often looks like the beginning of a strong recovery. 🪃
3. **Further downside:** An impulsive close below 0.038435 opens the way to 0.036313 and 0.034231. Look for shorts on bounces rather than chasing a fresh breakout without confirmation that the trend is continuing. A late short after a large red candle can be just as dangerous as an early long. 📉
4. **Invalidation scenario:** A reclaim and confident hold above 0.045481 on strong bullish volume would change the outlook and open the way to 0.047323 and 0.050405. Until then, the path of least resistance remains downward. One bounce doesn’t change the structure, but a confident hold would force sellers to reassess the scenario. ⬇️
This is not financial advice. Always manage your risk.
To stay up to date with new entry points and market updates, subscribe 🔔
Go trade this pair 👇️
$AGT
#dood #jct
1. **Liquidity sweep before a move:** After a bearish move like this, the price may first sweep liquidity around or slightly below the key level of 0.038435. If it quickly reclaims this level after a manipulation wick, on high volume, and forms a bullish pin bar or engulfing candle, a quick countertrend long scalp toward 0.041758 and 0.042518 could be considered, with a stop below the wick’s lowest low. This is a countertrend scenario, not a reason to blindly buy every dip. 🪝
2. **Weak bounce and a trap for longs:** If the bounce reaches the upper zone of 0.042518-0.045481 and a bearish wick or engulfing candle appears there, a short toward the key liquidity level of 0.038435 and below could be considered. Wait for confirmation, and don’t open a short blindly where buyers may step in. The best trap often looks like the beginning of a strong recovery. 🪃
3. **Further downside:** An impulsive close below 0.038435 opens the way to 0.036313 and 0.034231. Look for shorts on bounces rather than chasing a fresh breakout without confirmation that the trend is continuing. A late short after a large red candle can be just as dangerous as an early long. 📉
4. **Invalidation scenario:** A reclaim and confident hold above 0.045481 on strong bullish volume would change the outlook and open the way to 0.047323 and 0.050405. Until then, the path of least resistance remains downward. One bounce doesn’t change the structure, but a confident hold would force sellers to reassess the scenario. ⬇️
This is not financial advice. Always manage your risk.
To stay up to date with new entry points and market updates, subscribe 🔔
Go trade this pair 👇️
$AGT
#dood #jct