fugutrader

ALGOUSDT - Parabolic Exhaustion?

fugutrader Updated   
BINANCE:ALGOUSDT   Algorand / TetherUS
Has had a good run up but could be getting fueled by greed and FOMO.
It will start entering into resistance levels where large orders are waiting (0.211).
There are other Proof-of-Stake cryptos that haven't yet experienced the POS news effect.
Be patient for confirmed break of support levels before entering Short as you don't want to fight against an irrationally bullish market
Trade closed: target reached:
Bounced off support, testing resistance level
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.