Sellers on $AGT are still in the market and they have not slowed down at all 🔴
I'm taking a short on $AGT here, and the chart gives me plenty of reasons
TP: 0.025-0.020
Invalidation: 0.040
When you look at price, sellers keep pushing it downside and they are showing full strength every time buyers try to bounce. That tells me nobody on the buy side has real control yet.
Then check RSI, because it is clearly doing a divergence. That usually shows up when the move up is losing power underneath, and here it matches what price is already doing. And price is getting rejected from an imbalance and a BPR zone too, so those areas are working as strong resistance right now.
Sellers in control, RSI divergence and rejection from two zones is a combination I like to trade, which is why I'm going with the downside here 🔻
I'm taking a short on $AGT here, and the chart gives me plenty of reasons
TP: 0.025-0.020
Invalidation: 0.040
When you look at price, sellers keep pushing it downside and they are showing full strength every time buyers try to bounce. That tells me nobody on the buy side has real control yet.
Then check RSI, because it is clearly doing a divergence. That usually shows up when the move up is losing power underneath, and here it matches what price is already doing. And price is getting rejected from an imbalance and a BPR zone too, so those areas are working as strong resistance right now.
Sellers in control, RSI divergence and rejection from two zones is a combination I like to trade, which is why I'm going with the downside here 🔻
