ALGOUSDT 1H long; Completing W-formation with bullish patternTA Explained
ALGO Completing the W-formation on bigger timeframe with a bullish continuation pattern at lower timeframe. trying to get in on the final dip within the falling wedge
Trade setup
Best entries: 0.4149 - 0.4303
TP1: 0.4548
TP2: 0.4806
TP3: 0.5107
SL: 0.3945
RR: 3.16
Max leverage: 3
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Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
ALGOUSDTPERP
✳️Algorand/USDT (10/12) View + Trading Plan #ALGO $ALGOTrading with ALGO at this moment is quite risky because we can't be sure of the next trend of ALGO. But I think ALGO will bounce back and conquer the 0.32-0.335$ zone to resume the uptrend. But if ALGO continues to decline, it will drop to the 0.26$ zone and possibly fall to the 0.22$ zone
📈BUY
-Buy: 0.32-0.0335$ if A. SL if B
📉SELL
-Sell: 0.4-0.42$ if B. SL if A
-Sell: 0.475-0.5$ if B. SL if A
-Sell: 0.57-0.6$ if B. SL if A
♻️BACK-UP
-Buy: 0.26-0.275$ if A. SL if B
-Sell: 0.26-0.275$ if B. SL if A
-Buy: 0.22-0.23$ if A. SL if B
-Sell: 0.22-0.23$ if B. SL if A
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
ALGO testing a daily resistance 0.35$ zoneALGO is being rejected continuously at 0.35$ zone, the selling force has returned. This could start an upcoming downtrend for ALGO.
The heading targets are at 0.3$, 0.28$.
However, if ALGO conquers 0.35$ zone, it will continue to move up to the 0.5$ zone and up
📈 BUY only after break Resistance Area At 0.35$ (Better after retest it)
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
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✳️Algorand/USDT (20/11) View + Trading Plan #ALGO $ALGOALGO just broke out of a Falling Wedge pattern and is ready to make a big move in the near term. The uptrend will be fully confirmed if ALGO can close a 1D candle above the 0.3$ zone.
📈BUY- LONG
-Buy close to 0.25-0.26$, SL if B
-Buy more: 0.3-0.315$ if A, SL if B
📉SELL-SHORT
-Sell: 0.4-0.42$, SL if A
-Sell: 0.5-0.525$, SL if A
-Sell: 0.6-0.63$, SL if A
♻️BACK-UP
-Sell close to 0.25-0.26$ if B, SL if A
-Buy: 0.2-0.21$ if A, SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
Negating this VERY bearish pattern and reverse back up?*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. You should always do your own due diligence before trading or investing.
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Quick Money: Algo Long Trade 8% -18% Target With Tiny SLSymbol: ALGOUSD, ALGOUSDT, ALGOUSDTP
Indicator: 9 Seasons Rainbow Multi TimeFrames Pattern Expert
Timeframes: 1H -16H
Signal: Light Green -> Green
Context: Lime + Green
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DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.







