Try to long as close as possible to daily support.
Entry: 0.787-0.743
Stoploss: 0.716
Target: 1tp: 0.977 2tp: 1.145 ...
Good luck and dont go full retarded :)
ALGO is at a very good place for swing trade long. It already broke out of Daily high after good consolidation.
Wait for pull and be ready to long it.
Entry: ~0.32 EUR
Target: 0.45 EUR
SL: Based on your risk profile
GL with trading!
Let's hope BTC to not drop like a rock and stops ALGO party :)
💎Technical Analysis Summary💎
BINANCE: ALGOBTC
-Algorand is back trading around the key level of support
-Well, this is still good because the Bull defended this zone again
-But the fight is not yet over until the downward trendline is broken upward
-Yes, you can buy at key level but tight stop loss
-Or, wait for the trendline breakout to confirm that the trend...
💎Technical Analysis Summary💎
BINANCE: ALGOBTC
-Algorand is now testing a strong support area
-This zone is a confluence of previous resistance and support
-If ALGO can hold this area for a few days
-And BTC starts consolidating normally
-There is a chance, this coin will bounce up to 3500 sat
-But if the support fails, the next level to watch is 2000 sat
-So...
ALGO/BTC
-Algorand may have temporarily set the top at 6500
-The potential area of support is somewhere at 4200
-If we can see Bullish signs of reversal in this region
-Placing Buy orders is ideal and target the recent top
-But if the 4200 regions failed, next to watch is 3700
-Be patient, let the trade come to you
ALGO/BTC
-Algorand has been trading above the 200D MA and Key support trendline
-We can see two strong rejection from the key area of support
-If ALGO can hold this level for the next 5-7 days
-It is likely to bounce back up to 3500-4000 range
-Before potentially hitting the downward trendline resistance
-Bulls must hold the 2600 level with the confluence of...
ALGO/BTC
-Since the retest of 200D MA last July 14
-The price has pump 60% before coming back to the average
-ALGO is currently reacting to the Key support area
-If we can see more rejections from strong support zone
-There is a high chance this will be its temporary bottom
-And eventually, continue higher and break the recent top at 4300 sat
-Aggressive Buyers...
ALGO/BTC
-forming a complex IH&S+Cup&Handle pattern
-the trade setup is to buy the break/close above trendline resistance
-target is the recent top or mid resistance area between 3056s-3716s
-key stoploss is below 2333s or potential new higher low
#ALGO/BTC TA Update:
#ALGO now at strong support we can expect bounce back form here.
if we lose this support then Bearish for Mid term.
I am buying some with tight Stop Loss.
if any candle close bellow 2200 satoshi then I will close this trade.
But ic an expect we can see bounce from here.
S: 2250 Sat
R: 2913/3360/4011 Sat
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