ALGO is slipping under the 0.30 resistance. The broader crypto risk-off is pushing the asset into a bearish corridor.
🔴 $ALGO SHORT 📉 — Trade Plan
• Entry: $0.124565 – $0.124815
• Stop: $0.128431 (-3.0%)
• Target 1: $0.122820 (+1.5%)
• Target 2: $0.118455 (+5.0%)
• R/R 1:1.7 | Confidence 64%
A change of character broke the uptrend, and the order block on the 0.31 swing lines up with a fair value gap that’s still unfilled. CVD shows sellers dominating while a liquidity sweep erased the last buy wall, giving a POI confluence of OB plus FVG. The structure now sits on a descending channel, primed for a short.
A 3.0% stop is relatively tight on this swing, so keep leverage modest – around 2x to 3x.
Take half profit at the first target once price retraces to the 0.28 level.
Not financial advice — always manage your own risk 🙏
$ALGO #ALGOUSDT #koreaproposestokenizingstocksandbonds #TradingSignals #Write2Earn
🔴 $ALGO SHORT 📉 — Trade Plan
• Entry: $0.124565 – $0.124815
• Stop: $0.128431 (-3.0%)
• Target 1: $0.122820 (+1.5%)
• Target 2: $0.118455 (+5.0%)
• R/R 1:1.7 | Confidence 64%
A change of character broke the uptrend, and the order block on the 0.31 swing lines up with a fair value gap that’s still unfilled. CVD shows sellers dominating while a liquidity sweep erased the last buy wall, giving a POI confluence of OB plus FVG. The structure now sits on a descending channel, primed for a short.
A 3.0% stop is relatively tight on this swing, so keep leverage modest – around 2x to 3x.
Take half profit at the first target once price retraces to the 0.28 level.
Not financial advice — always manage your own risk 🙏
$ALGO #ALGOUSDT #koreaproposestokenizingstocksandbonds #TradingSignals #Write2Earn