🔴 $ALGO /USDT – Bearish Pressure Builds as Support Gets Tested
$ALGO is showing clear signs of weakness after a sharp rejection from the $0.0940 resistance zone, dropping toward the 24H low at $0.0850. The price structure is forming lower highs and lower lows, indicating sellers are maintaining control on the 1H timeframe. A breakdown below the $0.0850 support could open the path toward further downside, while a strong reclaim above $0.0880–$0.0920 may bring buyers back into the market. Short Setup: Entry Zone: $0.0865–$0.0880 | TP1: $0.0840 | TP2: $0.0820 | TP3: $0.0800 | Stop Loss: Above $0.0920. Traders should watch for a liquidity sweep and rejection confirmation before entering, as the next move depends on whether bulls defend the current demand zone or bears continue the sell-off.
#ALGO
$ALGO is showing clear signs of weakness after a sharp rejection from the $0.0940 resistance zone, dropping toward the 24H low at $0.0850. The price structure is forming lower highs and lower lows, indicating sellers are maintaining control on the 1H timeframe. A breakdown below the $0.0850 support could open the path toward further downside, while a strong reclaim above $0.0880–$0.0920 may bring buyers back into the market. Short Setup: Entry Zone: $0.0865–$0.0880 | TP1: $0.0840 | TP2: $0.0820 | TP3: $0.0800 | Stop Loss: Above $0.0920. Traders should watch for a liquidity sweep and rejection confirmation before entering, as the next move depends on whether bulls defend the current demand zone or bears continue the sell-off.
#ALGO
