$AGT — big long setup, trying to stabilize around the 0.0643 support after that sharp correction.
The idea: reclaim 0.0678 and a relief bounce opens toward the higher resistance zones.
Long entry: 0.0645 – 0.0650
Targets: 0.0670 / 0.0700 / 0.0740 / 0.0790
Stop: 0.0590
Now the honest read, because this one needs it.
Your stop is about 9% below the entry zone. Your first target is only 3% up. So on TP1 you're risking three dollars to make one — the math is against you right out of the gate. Even TP4 at 0.0790 only gets you to about 1.4:1 against that stop.
That doesn't make it a bad idea. It means this only pays if AGT runs the whole ladder, and it has to do that without ever dipping 9% first. On a coin that just had a sharp correction, that's a real ask.
If you take it, size small and don't treat the stop as a suggestion. 0.0590 is where you're wrong. 👇#AGT #EarningsSeason #SwitzerlandApprovesFirstBitcoinETF
The idea: reclaim 0.0678 and a relief bounce opens toward the higher resistance zones.
Long entry: 0.0645 – 0.0650
Targets: 0.0670 / 0.0700 / 0.0740 / 0.0790
Stop: 0.0590
Now the honest read, because this one needs it.
Your stop is about 9% below the entry zone. Your first target is only 3% up. So on TP1 you're risking three dollars to make one — the math is against you right out of the gate. Even TP4 at 0.0790 only gets you to about 1.4:1 against that stop.
That doesn't make it a bad idea. It means this only pays if AGT runs the whole ladder, and it has to do that without ever dipping 9% first. On a coin that just had a sharp correction, that's a real ask.
If you take it, size small and don't treat the stop as a suggestion. 0.0590 is where you're wrong. 👇#AGT #EarningsSeason #SwitzerlandApprovesFirstBitcoinETF
