Hello Traders and everyone, HADI IS HERE
If you like the idea, do not forget to support with a like and follow.
ALGOUSDT, as we can see from daily time frame price is clearly overall bearish making clean lower lows and lower highs
however, On H4 time frame we are now trading inside this range and around a massive support zone where we will be searching for buy setups
On another hand price broke above this major swing high and traded higher from a short term perspective
For a medium term perspective and for the bulls to kick in we need a break above this major swing high and the range to say "yes" now bulls are in full control
until that price can still dive inside the support zone around the lower bound of the range before a full reversal
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
ALGOUSDT, as we can see from daily time frame price is clearly overall bearish making clean lower lows and lower highs
however, On H4 time frame we are now trading inside this range and around a massive support zone where we will be searching for buy setups
On another hand price broke above this major swing high and traded higher from a short term perspective
For a medium term perspective and for the bulls to kick in we need a break above this major swing high and the range to say "yes" now bulls are in full control
until that price can still dive inside the support zone around the lower bound of the range before a full reversal
and as usual follow your trading plan and manage your risk.
Be patient and good luck!