๐จ $ALGO BEARS STEPPING IN TO DEFEND THE 0.1248 RESISTANCE SUPPLY WALL! ๐
Entry: 0.12475โ0.12488 โก
Target: 0.12326 ๐ฏ
Stop Loss: 0.12624 ๐
Sellers are drawing a definitive line in the sand across the 0.12475โ0.12488 pocket, turning overhead supply near 0.12612 into a stubborn barrier. ๐ Rallies into this zone show clear seller absorption as overhead distribution caps upside rotation.
๐ก If bid depth thins out, downward momentum opens a swift path toward the 0.12326 level, with extended targets sitting down at 0.12207 and 0.12088. Any decisive push above 0.12624 firmly invalidates the setup.
๐ฌ Are you shorting this supply block or waiting for a breakdown confirmation? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #ALGO #ShortSetup #Algorand #CryptoTrading
๐ฏ ๐ฆ
Entry: 0.12475โ0.12488 โก
Target: 0.12326 ๐ฏ
Stop Loss: 0.12624 ๐
Sellers are drawing a definitive line in the sand across the 0.12475โ0.12488 pocket, turning overhead supply near 0.12612 into a stubborn barrier. ๐ Rallies into this zone show clear seller absorption as overhead distribution caps upside rotation.
๐ก If bid depth thins out, downward momentum opens a swift path toward the 0.12326 level, with extended targets sitting down at 0.12207 and 0.12088. Any decisive push above 0.12624 firmly invalidates the setup.
๐ฌ Are you shorting this supply block or waiting for a breakdown confirmation? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #ALGO #ShortSetup #Algorand #CryptoTrading
๐ฏ ๐ฆ