One giant candle took price into the liquidity zone and this pump looks risky.
$AGT is now at 0.05966 and up 143% today. The whole move came from one huge 4H candle that ran from about 0.0245 straight up to the 24h high of 0.06060.
Price is now inside the liquidity zone at 0.0568 to 0.0610. This is the same area where the last spike ended. Back then sellers hit it hard and price gave back almost the full move. Big pumps into old liquidity like this are where late buyers often get trapped.
There is also almost nothing under price. The candle printed no pullback so the space between 0.0245 and 0.0560 is empty. If sellers step in price can fall fast through 0.0450 and 0.0350.
If a 4H candle closes back below 0.0568 the rejection is confirmed. Then a drop toward 0.0450 and later 0.0300 is likely.
If buyers close strongly above the old high near 0.0620 the pump can extend and the bearish idea is cancelled.
For now AGT is inside the liquidity zone and a rejection is not confirmed yet. Do not chase the green candle. Wait for a clean 4H close before taking a side.
#agt #cryptocrash $ARIA $MVLL
$AGT is now at 0.05966 and up 143% today. The whole move came from one huge 4H candle that ran from about 0.0245 straight up to the 24h high of 0.06060.
Price is now inside the liquidity zone at 0.0568 to 0.0610. This is the same area where the last spike ended. Back then sellers hit it hard and price gave back almost the full move. Big pumps into old liquidity like this are where late buyers often get trapped.
There is also almost nothing under price. The candle printed no pullback so the space between 0.0245 and 0.0560 is empty. If sellers step in price can fall fast through 0.0450 and 0.0350.
If a 4H candle closes back below 0.0568 the rejection is confirmed. Then a drop toward 0.0450 and later 0.0300 is likely.
If buyers close strongly above the old high near 0.0620 the pump can extend and the bearish idea is cancelled.
For now AGT is inside the liquidity zone and a rejection is not confirmed yet. Do not chase the green candle. Wait for a clean 4H close before taking a side.
#agt #cryptocrash $ARIA $MVLL
