These days’ market action has sent quite a few people out of the game.
Why do I keep emphasizing: don’t catch falling knives? $ALGO current price 0.0939. In a downtrend, the three most expensive words are “I think”—“I think it’s cheap enough,” “I think it should bounce.” The market doesn’t care what you think. Until it comes back above 0.0957 on increased volume, all the upward move is just a rebound, not a reversal. In terms of strategy: short at 0.0957, stop loss at 0.0979, and cut half off at 0.0894.
24h trading volume is 2.4M, and volume is still there, which means the funds haven’t left.
At this position, the “value for bottom fishing” is very low. It’s better to wait for a rebound to 0.0957, then short again.
The price is still above the 20-day line at 0.0913, but it’s very close—if it breaks below, that’s when the bears will start pushing.
When it reaches 0.0894, cut half first; then see whether to hold the rest.
Bottom line: the levels are given to you here—control your own position size, and don’t let emotions make the decision for you.
Following the trend is more important than being clever. People who fight the trend end up losing money.
RSI is at 67—hot enough to burn. This rally came too fast.
The moving averages are in a bullish alignment. They can’t hold it down, but they also can’t push it away. The short-term range is very clear: support at 0.0894, resistance at 0.0957. If the rebound can’t break through the resistance, that’s the short entry.
With the funding rate at +0.0100%, long and short are still fairly balanced—not extreme. 2.4M成交, and volume is clearly higher than the previous two days.
At the first target, cut half. Keep the rest for the trend.
Those are my conclusions watching the screen tonight. Remember one thing: even if your direction is right, don’t forget the stop loss. If you can’t hold it, reduce your position—don’t turn profit into loss.
Being in cash is also a position.
To sum up: my direction is written above. What remains is execution. Don’t max out your position in one go. Set a proper stop loss—what you earn is what’s yours.
Trading amount is 2.4M—this volume can support a move.
If you have different opinions, go to the comments and let’s discuss.
#ALGO #cryptocurrency
📐 Can ALGO be done? Just look at 1H / 4H and you’ll get it.
One sentence: If you want to short, don’t chase—wait until it rebounds to around 0.095700.
· Big picture (4H): Price 0.093900 is above the 200 MA (0.091110), but the moving averages are tangled together, so the big direction hasn’t formed yet
· Short term (1H): RSI 67 is strong but not overheated yet; MACD is bullish
· Candlestick pattern: “Overhead cloud” — historically, this pattern continues to fall about 66%, ⭐ with a relatively high win rate
· Key level (1H): When it drops near 0.0894, people will buy; when it rises near 0.0957, it will be sold
How to do it (short):
· Entry: short after the rebound to 0.095700 is rejected; don’t FOMO into the short
· Stop loss: 0.097890 (accept the loss at about 2.3%; don’t hold onto a losing trade)
· Take profit: 0.089400 (first target—lock in a profit when you reach 2.9x risk)
· Position: test with 1–2% of your money first; don’t go all-in
· Rationale: 0.0894 is the low over these days, 0.0957 is the high over these days—both numbers come from real candlesticks, not something I drew casually
· Invalidate: If on 1H it breaks directly below 0.0894 on a volume expansion, it means it won’t give you a rebound chance—don’t stubbornly wait; switch to the breakdown view.
⚠️ The big picture on 4H is still slightly bullish. This trade is taking the opposite side of the big direction: cut the position in half, and don’t move the stop loss.
(Win rate is based on historical statistics and isn’t a guarantee. If you copy, always include a stop loss and control your position size.)
$ALGO
Why do I keep emphasizing: don’t catch falling knives? $ALGO current price 0.0939. In a downtrend, the three most expensive words are “I think”—“I think it’s cheap enough,” “I think it should bounce.” The market doesn’t care what you think. Until it comes back above 0.0957 on increased volume, all the upward move is just a rebound, not a reversal. In terms of strategy: short at 0.0957, stop loss at 0.0979, and cut half off at 0.0894.
24h trading volume is 2.4M, and volume is still there, which means the funds haven’t left.
At this position, the “value for bottom fishing” is very low. It’s better to wait for a rebound to 0.0957, then short again.
The price is still above the 20-day line at 0.0913, but it’s very close—if it breaks below, that’s when the bears will start pushing.
When it reaches 0.0894, cut half first; then see whether to hold the rest.
Bottom line: the levels are given to you here—control your own position size, and don’t let emotions make the decision for you.
Following the trend is more important than being clever. People who fight the trend end up losing money.
RSI is at 67—hot enough to burn. This rally came too fast.
The moving averages are in a bullish alignment. They can’t hold it down, but they also can’t push it away. The short-term range is very clear: support at 0.0894, resistance at 0.0957. If the rebound can’t break through the resistance, that’s the short entry.
With the funding rate at +0.0100%, long and short are still fairly balanced—not extreme. 2.4M成交, and volume is clearly higher than the previous two days.
At the first target, cut half. Keep the rest for the trend.
Those are my conclusions watching the screen tonight. Remember one thing: even if your direction is right, don’t forget the stop loss. If you can’t hold it, reduce your position—don’t turn profit into loss.
Being in cash is also a position.
To sum up: my direction is written above. What remains is execution. Don’t max out your position in one go. Set a proper stop loss—what you earn is what’s yours.
Trading amount is 2.4M—this volume can support a move.
If you have different opinions, go to the comments and let’s discuss.
#ALGO #cryptocurrency
📐 Can ALGO be done? Just look at 1H / 4H and you’ll get it.
One sentence: If you want to short, don’t chase—wait until it rebounds to around 0.095700.
· Big picture (4H): Price 0.093900 is above the 200 MA (0.091110), but the moving averages are tangled together, so the big direction hasn’t formed yet
· Short term (1H): RSI 67 is strong but not overheated yet; MACD is bullish
· Candlestick pattern: “Overhead cloud” — historically, this pattern continues to fall about 66%, ⭐ with a relatively high win rate
· Key level (1H): When it drops near 0.0894, people will buy; when it rises near 0.0957, it will be sold
How to do it (short):
· Entry: short after the rebound to 0.095700 is rejected; don’t FOMO into the short
· Stop loss: 0.097890 (accept the loss at about 2.3%; don’t hold onto a losing trade)
· Take profit: 0.089400 (first target—lock in a profit when you reach 2.9x risk)
· Position: test with 1–2% of your money first; don’t go all-in
· Rationale: 0.0894 is the low over these days, 0.0957 is the high over these days—both numbers come from real candlesticks, not something I drew casually
· Invalidate: If on 1H it breaks directly below 0.0894 on a volume expansion, it means it won’t give you a rebound chance—don’t stubbornly wait; switch to the breakdown view.
⚠️ The big picture on 4H is still slightly bullish. This trade is taking the opposite side of the big direction: cut the position in half, and don’t move the stop loss.
(Win rate is based on historical statistics and isn’t a guarantee. If you copy, always include a stop loss and control your position size.)
$ALGO
