Just a local picture for January
Possible Targets and explanation idea
➡️After hype around World Cup championship we dropped down and found the main support zone.
➡️I think this is the potential bottom for now for $ALGO
➡️Local trade can be looks like this on 12H timeframe
➡️According Crypto4light Direction indicator whales accumulated...
ALGORAND POSSIBLE TRADE SETUP
Algo has been forming a BEAR FLAG. It broke out recently and now making a RISING WEDGE on the way to retesting the STL turned into RTL. Both the pattern is BEARISH. Ideal breakout targets are given in the chart.
SL: 0.2308 or little bit over depending on your risk appetite.
Non Financial advise. Trade at your own risk. Do your own...
Welcome back to another episode with Analyst Aadil1000x.
Today we are setting a buy limit in Algo from the key reversal Area. This rise will move at least 2% and the final target will give us a 1:6 Risk reward.
Algo Buy Limit 0.2206
Target 1, 0.2252(+2.1%)
Final Target 0.2306(+4.56%)
Don't forget to hit the like button...
ALGO just reached its bottom zone which also means, we can start considering on accumulating on this coin.
All time low is .1948.
Entry 1 - .2200
Entry 2 - .1948
TP1 - .3120
TP2 - .4487
TP3 - .8429
TP4 - 1.2306
Use low leverage and 1-3% your port only. HAPPY TRADING!
Everything move price is done on small volumes. So as not to spoiler the buyer.
I wonder if the project will have any updates soon or if it's the time of the pump)
Accumulation on this trendline(red collor) will open the way to the level of 0.2494.
And there and to the impulse of 5% will be able to do it on easy.
If you like the idea, please "Like" it. This is...
Hey, sorry Im slow on posting here as well.. to many channels to post ;-) I do believe we will see another bear market rally... before bigger leg down.. (across the board..). If we get this rally, ALGO will pump hard..
Some coins have reached the rock bottom. Rock bottom does not guarantee or is a symptom of reversal to the upside.
it's important to note that reversal happens when price has got to an institutional key level or say protected levels.
This is the level the market makers and investors would not like to see price trade below. They would however rather introduce...
Price Broke Below Previous solid Structure and made a new Low
Retracing Back close to the previous High with the Range .
We Put a Logic Stoploss just Above previous High just to give the trade a little space to breath
or Margin for Error .