#ALGOUSD. Get ya shorts on, or get get caught naked.

My2CentsOnBTC Updated   
KRAKEN:ALGOUSD   Algorand / U. S. Dollar
Have you already shorted ALGOUSD today? If not, take a nice cup of coffee , get up (or the other way around), wipe your eyes and set a short on it.


Time has come. That's why. We're at the end of a massive pump. ALGOUSD RSI (1d) has been as high as today only 4 times in its lifetime, and 3 out of 4 were excellent shorting opportunities, and the 4rd with 25% down still a good one.

If you're risk lover, wait it 'till the price crosses the 0.768 fib line. But don't wait too long - tomorrow around six you could be late. If not the price moves under the current short term trend line even before.

Of course, this is not a trading advice, just my private analysis as well as a text for entertainment purposes.
Trade active:
Yeah, this one was a blast, and is still on the desk. If you entered a short on the day I wrote this, you would have made 31,4% gains up to date, and counting. Just imagine trading this with a margin ...

Did you trade it? Give me a comment and a +1 :-)
Trade active:
Next opportunity now. I'd put another bag into this if I was not fully in ETH yet :-)

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.