crypthal

Algo has reach the bottom of this correction

Long
BINANCE:ALGOUSDT   Algorand / TetherUS
After the correction that we just saw, it is just a matter of time before we bounce right back up.

My entry point is right now $1.69 the RSI is very low the MACD is also very low indicating a promising bounce.
The next few hours are important, if BTC can hold the line at $60K then we will see a quick turn around.

If the support breaks, the next stop is $52K so it will take a bit longer to recover.

We have 2 supports, one at $1.49 and another at $1.19, but I really don't think we will make it to that and this is why I prefer to get in right now, even if it will drop a little further still.

TP1: 2.03, (50%)
TP2: 2.23, (50%)

Trade active: While there was a pump, (and now dump), I reached all my TPs in one single go.

Sadly, this is not the 'real' recovery and I suspect the price will come back down to something more realistic for the day, (~$1.70 to $1.75 maybe), before continuing.

So, I will re-enter at around what I expect it to be today, maybe around $1.70