【$AGLD Signal】Long | 1H strong consolidation, preparing for a second surge

$AGLD At the 1H level, after a historic surge, the price enters a high-level strong consolidation. Currently, the price is tightly hugging above the EMA20(1H), with decreasing volume. This is a typical flag pattern, building momentum for the next upward move. The 4H level's single large bullish candle establishes a strong foundation. Despite RSI being overbought, in a negative funding rate environment, the short squeeze logic still holds, and stable open interest indicates funds have not exited.

🎯Direction: Long (Long)

🎯Entry/Order: 0.372 - 0.375 (Reason: Dynamic support zone at 1H EMA20, lower boundary of strong consolidation )

🛑Stop loss: 0.361 (Reason: Break below previous 1H candle low and consolidation structure )

🚀Target 1: 0.392 (Reason: Previous high resistance level, breaking through opens space )

🚀Target 2: 0.420 (Reason: 1.618 extension based on ATR )

🛡️Trade management:

- Position suggestion: Light position (Reason: Intraday volatility is extremely high, risk control is a priority )

- Execution strategy: After the price reaches 0.392, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.375. If the price cannot hold above 0.375 and reverses, exit immediately and observe.

Deep logic: Negative funding rate as high as -0.57% signals a strong short squeeze, with very high short position costs. Market depth shows a large accumulation of buy orders in the 0.372-0.373 area, forming solid support. The 1H RSI has fallen from overbought to 71, indicating a healthy pullback. Market logic suggests that rising prices accompanied by stable positions are more likely driven by main players protecting their positions rather than pure short covering, and there is still upward momentum. The key is whether a secondary high point can form on the 1H level and break out with volume.

View real-time quotes 👇 $AGLD

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