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altFINS
Apr 4, 2024 2:09 PM

ALGO: Pullback in Uptrend Long

Algorand / TetherUSBinance

Description

Trade setup: Price remains in an Uptrend. We would be buyers on pullbacks near $0.25 support area, which is also near its up trendline, and could be an attractive swing entry in Uptrend, with +20% upside potential $0.30 near-term. Stop Loss (SL) level at $0.215.

Trend: Downtrend on Short-Term basis and Uptrend on Medium- and Long-Term basis.

Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).

Support and Resistance: Nearest Support Zone is $0.25, which it broke, then $0.20. The nearest Resistance Zone is $0.30, then $0.36 and $0.41.
Comments
Austin8889
Thank you Bro
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