luigjic

Sharp Retest

Long
COINBASE:ALGOUSD   Algorand
The price spiked down to my previously drawn ascending triangle. Immediate bounce from the exact line. This means we are retesting previous resistance as significant support. I believe things get highly volatile (as they are now) before significant moves. Being that we are in a bull trend I am betting Algo is going much higher from these levels. A close of a 4 hr candle below this support will cause me to revisit my conviction.
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