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Altsignals
Nov 15, 2021 2:20 PM

ALGO - Trade This Channel! 

Algorand / TetherUSBinance

Description

Algo has been within a channel since the start of October and every time it reaches either extremes of the channel, we get a really nice reaction.

We are looking for a similar reaction this time round.

Trade Idea:
- Watch for price to come back to the channel support and show bullish momentum
- Enter with stops below the channel
- Target the recent highs as first target and channel resistance for second targets

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