BINANCE:ALGOBTC LONG

ALGOBTC just had a volume spike combined with a bullish engulfing candle at a Support&Resistance Flip.

Summary
Trend: Strong uptrend
Level: S&R Flip
Candlestick: bullish engulfing candle
Volume: Volume Spike
Orderbook: Depth chart on Binance in favor of buyers

I'm buying at around current market levels and aiming to take partial/full profit at TP1 depending on market conditions.

This is not financial advice, please do your own Due Diligence. I'm just sharing my personal trades.

Comment:

Trade progressing quite nicely, about halfway to our TP. For those who are more conservative, can consider taking partial profit here or move SL to entry.

I will be posting ideas on a daily basis (whenever there are trade setups that meet my criteria).

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