1. $AGIX$ - Bullish [Extended Analysis]

Today’s update:

Trade entered at 0.5065. SL exit level is about 7.3% away from the current price. Pretty risky but the odds of 7.3-to-1 makes this a good trade. Unlike traders who only show winners, I don't shy away from showing my losses.

Per yesterday’s analysis:

Since its launch a little less than ten days ago, AGIX has risen over 230%. Since there isn’t much chart data to work with, I’ve proceeded to zoom in on the 1hr interval. Based on the last leg up [Feb. 05 10:00 - 13:00 UTC], the retracement was about 50% which indicates a momentum loss compared to the previous leg up [Feb. 04 16:00 - 20:00 UTC]. As such, the current leg up should at least retrace 50% from its height of 0.60198 to between 0.5654 to 0.4854 which is where I’ve set my entry. P.S. The green zones on top are based on various Fibonacci Extensions drawn on different time intervals.

The Super-Short-Term Play: 3-7 Days
7.3-to-1 PL Ratio.
Entry: 0.50650; Target: 0.9260; SL: 0.4490.

Hourly Resistance Zones

1. 0.5524 - 0.5654
2. 0.5834 - 0.5912
3. 0.6164 - 0.6441

Hourly Support Zones

1. 0.5464 - 0.5328
2. 0.5270 - 0.5117
3. 0.5058 - 0.4854

TA Methodologies:

1. Demand&Supply Theories [Price Momentum]
2. Fibonacci Retracements & Extensions [SR Zones]
3. Trendlines [Breakout]
4. RSI [Movement Strengths]

Please do your own research and risk no more than what you can afford.

Personally, I never risk more than 5% of funds on each trade and I am a perpetual futures trader.
My analysis is based on 14 years of experience trading the markets and is subject to my opinion. You've been warned. #DYOR