$AGT USDT just completed a parabolic move from about 0.023 to a high of 0.0868, roughly a 3.7x run in a couple of days, and it is now in a pullback. Price is 0.06566, down almost 12 percent on the day, with the last two 4h candles red and a long upper wick near the top showing heavy rejection.
Momentum is cooling. RSI(6) has dropped to about 57 and RSI(14) to about 66, both turning down from overbought. MACD is still positive but the histogram bars are shrinking, which signals fading bullish strength. Volume peaked on the breakout candles and has dropped off sharply since, so buyers are losing interest.
Key levels: support sits around 0.0619 (the 24h low area), then 0.0479 where the big green candle's midpoint is. Resistance is 0.075 and then the 0.0868 high.
Bias is short term bearish or consolidating. A bounce is likely to be sold unless price reclaims 0.075 with volume. A break below 0.0619 could open a deeper retrace toward 0.048. Chasing longs here is risky after such a vertical move, and funding and volatility on a perp this extended can liquidate positions fast, so keep leverage low and stops tight.
This is not financial advice.
#AnalyseCrypto
Momentum is cooling. RSI(6) has dropped to about 57 and RSI(14) to about 66, both turning down from overbought. MACD is still positive but the histogram bars are shrinking, which signals fading bullish strength. Volume peaked on the breakout candles and has dropped off sharply since, so buyers are losing interest.
Key levels: support sits around 0.0619 (the 24h low area), then 0.0479 where the big green candle's midpoint is. Resistance is 0.075 and then the 0.0868 high.
Bias is short term bearish or consolidating. A bounce is likely to be sold unless price reclaims 0.075 with volume. A break below 0.0619 could open a deeper retrace toward 0.048. Chasing longs here is risky after such a vertical move, and funding and volatility on a perp this extended can liquidate positions fast, so keep leverage low and stops tight.
This is not financial advice.
#AnalyseCrypto