SwallowPremium

Algorand(ALGO): Potential Movement To Lower Zones!

Short
BYBIT:ALGOUSDT.P   ALGOUSDT Perpetual Contract
Algorand has been showing some steady movement to lower zones, where we see multiple signs of weakness.

With that being said, we are pretty confident to see some further movement here, potentially securing fully both 100 and 200 EMA by bears.

Multiple good scalps can be taken here as well, we see!

Swallow Team
Comment:
Algorand has had a nice rejection and steep movement to the lower zones.

As we have secured that 100EMA zone, we are looking for a breakdown of 200EMA to happen and a retest of lower zones near the liquidity zone!

🚨 Authentic Mentoring
⚡️ Short-Term + Mid-Term Trades

Join our amazing team and be part of something bigger.
FREE: t.me/SwallowCryptoTeam
Disclaimer

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.