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ALGOUSDT H4: BEAR flagging / expecting CORRECTION MODE(SL/TP)

Short
BINANCE:ALGOUSDT   Algorand / TetherUS
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ALGOUSDT H4: BEAR flagging / expecting CORRECTION MODE(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT as I'm expecting correction/
pullback next few weeks.


🔸 Summary and potential trade setup
::: ALGOUSDT 4hour chart review
::: BEAR FLAG pattern in progress
::: one final PUMP possible before
::: we breakdown later
::: upside likely limited going forward
::: BEST RELOAD BEARS is 1.24 USD
::: short-term no valid setups for BULLS
::: higher risk strategy: short from resistance
::: best entry is near 1.24 USD
::: for now correction/pullback mode
::: SPECULATIVE SETUP
::: alternatively if we breakdown now
::: wait for re-test of the FLAG
::: and re-short after re-test
::: final TP BEARS is 87/88c
::: do your own due dill
::: and use proper risk management
::: not a trade setup
::: details: see chart
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A

RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
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Comments

yes any updates please sir?
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any updates?
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It seems rather bullish to me on Low Time Frame:
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TradingOn TradingOn
Even more on High Time Frame in satoshi:
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looks like its flipped it to support now.
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thats a pretty big last pump! I was hoping to get into algo for a long term hold and I dont like buying big green candles. I hope it does come back down. I really wanted to get into this one for a few years. I only researched it the last week!
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great technical analysis mate
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Thanks for the update!
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Well done! works for me. thanks for sharing
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