$ALGO /USDT - SHORT
TRADE SETUP & ANALYSIS
Key Levels:
- Sell Range: 0.09152 - 0.09245
- Risk Limit (SL): 0.09535
- Target 1: 0.09037
- Target 2: 0.08767
- Target 3: 0.08292
Chart Breakdown:
- Trend Status: On the 2h timeframe, Algorand (-1.38%) is experiencing short-term downside pressure, slipping beneath dynamic resistance at MA7 (0.09244) and MA25 (0.09245) while holding above the lower MA99 baseline (0.08767).
- Structure: Price action turned lower after failing to maintain recovery momentum near local resistance levels, printing consecutive red candles and breaking under intermediate support to give bears short-term control.
- Execution Strategy: Positioning a short entry within the 0.09152 to 0.09245 zone capitalizes on resistance at the lost moving averages. Placing the Stop Loss at the 24h High (0.09535) controls risk, targeting the 24h Low (0.09037), dynamic baseline support at MA99 (0.08767), and swing low targets near 0.0$ALGO
$BTC
8292.#SamsungSKHynixLeveragedETFsPostFirstMonthlyOutflow #OilHoldsLosses #OilHoldsLosses #SamsungSKHynixLeveragedETFsPostFirstMonthlyOutflow #JapanNoAdditionalOilReserveReleaseInSepOct
TRADE SETUP & ANALYSIS
Key Levels:
- Sell Range: 0.09152 - 0.09245
- Risk Limit (SL): 0.09535
- Target 1: 0.09037
- Target 2: 0.08767
- Target 3: 0.08292
Chart Breakdown:
- Trend Status: On the 2h timeframe, Algorand (-1.38%) is experiencing short-term downside pressure, slipping beneath dynamic resistance at MA7 (0.09244) and MA25 (0.09245) while holding above the lower MA99 baseline (0.08767).
- Structure: Price action turned lower after failing to maintain recovery momentum near local resistance levels, printing consecutive red candles and breaking under intermediate support to give bears short-term control.
- Execution Strategy: Positioning a short entry within the 0.09152 to 0.09245 zone capitalizes on resistance at the lost moving averages. Placing the Stop Loss at the 24h High (0.09535) controls risk, targeting the 24h Low (0.09037), dynamic baseline support at MA99 (0.08767), and swing low targets near 0.0$ALGO
$BTC
8292.#SamsungSKHynixLeveragedETFsPostFirstMonthlyOutflow #OilHoldsLosses #OilHoldsLosses #SamsungSKHynixLeveragedETFsPostFirstMonthlyOutflow #JapanNoAdditionalOilReserveReleaseInSepOct