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AGIX – Looking Great! Possible 90% Profit
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TLDR:
• A successful break out a of a Falling Wedge Formation could lead to an 90% profit long trade.
Background:
• AGIX has been in a correction since February 8th, 2023. This correction is creating a Falling Wedge formation.
• Since my previous AGIX idea, AGIX corrected further and now it reached the 0.382 Fibonacci retracement.
• The target of a Falling Wedge is the measure from low to high of the wedge’s beginning.
• Considering that the AI narrative is the darling of investors at the stock market and crypto, I think AGIX could go much higher. However, let’s not count the chickens before they are hatched. A cool 90% profit is enough, for now.
My Trade Idea:
• Entry: 0.26 (approximate number, breakout of the wedge).
• SL: Daily candle below the resistance line.
• TP: 0.34, 0.46, 0.51. Leave a moon bag.
God willing, I will update you as AGIX makes further progress.
NFA.
What do you think? Please share in the comments.
Best wishes to all.
• A successful break out a of a Falling Wedge Formation could lead to an 90% profit long trade.
Background:
• AGIX has been in a correction since February 8th, 2023. This correction is creating a Falling Wedge formation.
• Since my previous AGIX idea, AGIX corrected further and now it reached the 0.382 Fibonacci retracement.
• The target of a Falling Wedge is the measure from low to high of the wedge’s beginning.
• Considering that the AI narrative is the darling of investors at the stock market and crypto, I think AGIX could go much higher. However, let’s not count the chickens before they are hatched. A cool 90% profit is enough, for now.
My Trade Idea:
• Entry: 0.26 (approximate number, breakout of the wedge).
• SL: Daily candle below the resistance line.
• TP: 0.34, 0.46, 0.51. Leave a moon bag.
God willing, I will update you as AGIX makes further progress.
NFA.
What do you think? Please share in the comments.
Best wishes to all.
Nota
AGIX is looking good and proceeding according to plan.A sustained break down of the wedge is the invalidation.
Entry is at the break of the wedge to the upside.
Nota
We are approaching the breakout point. The market is somewhat overheated. It is not a reason not to take a trade but, imo if you do - give it some spaceDagangan aktif
It looks like AGIX finally broke out of the wedge.Final confirmation is above previous daily resistance at 0.26USD
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