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ProjectSyndicate
Mar 13, 2021 4:01 PM

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

Algorand / TetherUSBinance

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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.
Comments
whereislucas
yes any updates please sir?
BOB1983
any updates?
TradingOn
It seems rather bullish to me on Low Time Frame:
TradingOn
Even more on High Time Frame in satoshi:
whereislucas
looks like its flipped it to support now.
whereislucas
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!
Stargazer_fx
great technical analysis mate
Luisgsurf
Thanks for the update!
bitcharger
Well done! works for me. thanks for sharing
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