$AGT After a wild coin pumps, the final outcome is always a sell-off and cashing out
AGT taught retail traders another lesson yesterday! After moving sideways for so long, everyone thought it was going to drop. Instead, the whales turned around and pushed it up 36%. Those who chased shorts got proven wrong, while Caibao’s long position managed to exit near the top!
Token unlocks are coming in 3 days. This latest massive rally may have already priced in the unlock expectations. After the price surged to 0.08678, it clearly started losing steam. With more tokens entering the market, panic selling could follow, as early investors with low cost bases look to take profits at these high levels.
So the short positions opened near the top have also played out perfectly. Expectations have now been fully priced in, and the whales holding trapped positions above are unlikely to give them an easy chance to break even.
The 4-hour chart is now starting to show a downtrend. Caibao opened a short position early this morning. If you’re flat, you could open a small short position here at 0.05, with a target of 0.04.
AGT taught retail traders another lesson yesterday! After moving sideways for so long, everyone thought it was going to drop. Instead, the whales turned around and pushed it up 36%. Those who chased shorts got proven wrong, while Caibao’s long position managed to exit near the top!
Token unlocks are coming in 3 days. This latest massive rally may have already priced in the unlock expectations. After the price surged to 0.08678, it clearly started losing steam. With more tokens entering the market, panic selling could follow, as early investors with low cost bases look to take profits at these high levels.
So the short positions opened near the top have also played out perfectly. Expectations have now been fully priced in, and the whales holding trapped positions above are unlikely to give them an easy chance to break even.
The 4-hour chart is now starting to show a downtrend. Caibao opened a short position early this morning. If you’re flat, you could open a small short position here at 0.05, with a target of 0.04.
