$AGT Up 77% in two days—still worth chasing?
AGT perpetuals are up 22.3% in 24 hours, currently at 0.0686, with trading volume of around 100 million U. The low two days ago was 0.0387, which means it’s up 77%. Since then, the lows on the 4-hour chart have kept moving higher.
The funding rate is +0.046%, so longs are paying, and plenty of people are chasing.
My plan:
Watch zone: 0.0645–0.0656 (the lows of these two 4-hour candles)
If it breaks below 0.0625, this idea is invalidated
First, look for 0.0779 above, then 0.0912 (the two highs from October 20)
The immediate resistance is 0.0694–0.0695, where it stalled both today and on the 20th.
Do you think it will pull back to 0.065 first, or break above 0.0695 directly?
The above does not constitute investment advice.
AGT perpetuals are up 22.3% in 24 hours, currently at 0.0686, with trading volume of around 100 million U. The low two days ago was 0.0387, which means it’s up 77%. Since then, the lows on the 4-hour chart have kept moving higher.
The funding rate is +0.046%, so longs are paying, and plenty of people are chasing.
My plan:
Watch zone: 0.0645–0.0656 (the lows of these two 4-hour candles)
If it breaks below 0.0625, this idea is invalidated
First, look for 0.0779 above, then 0.0912 (the two highs from October 20)
The immediate resistance is 0.0694–0.0695, where it stalled both today and on the 20th.
Do you think it will pull back to 0.065 first, or break above 0.0695 directly?
The above does not constitute investment advice.