After AGLD surged 47%, it dropped from 0.269 to 0.200 within an hour. Consider who might be selling off.



Current price 0.2001, 24h trading volume $560M, extremely high turnover rate. Short-term top with high volume and stagnant price signal; chasing highs means being left holding the bag. My discipline: lightly short in the 0.195-0.200 range with a stop loss at 0.210, targets 0.170-0.150. Keep position size under 3%, only act with a risk-reward ratio of 1:3.

If it drops to around 0.150 with shrinking volume and stabilization, I will reverse and go long, with a stop loss at 0.138. Don't try to catch the bottom now; wait for a right-side signal.

Interaction: How much do you think retail investors chased during this pump? Leave a number in the comments.

No trades outside the plan.
AGLD38.45%
View Original
post-image
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned