$ALGO
Trading setup (Long)
Entry Zone: 0,1160 – 0,1190 — retest of the bullish Order Block and imbalance (FVG) zone on the 1-hour timeframe, within the broader upward impulse.
TP: 0,1320 — update of the local high and sweep of buy-side liquidity. (R:R ≈ 1:3.2)
SL: 0,1135 — the stop-loss is placed below a protected structural low; a break below it invalidates the bullish scenario and signals continuation of the global 4H downtrend.
On the higher timeframes (4H and 15M), the market structure for ALGO/USDT remains bearish, with selling favored from the Premium zone.
On the 1-hour timeframe (1H), the structure is bullish, with buying favored in the discount zone.
The current price is 0,1229, making a local move down as part of a correction toward a strong higher-timeframe support zone.
Trading setup (Long)
Entry Zone: 0,1160 – 0,1190 — retest of the bullish Order Block and imbalance (FVG) zone on the 1-hour timeframe, within the broader upward impulse.
TP: 0,1320 — update of the local high and sweep of buy-side liquidity. (R:R ≈ 1:3.2)
SL: 0,1135 — the stop-loss is placed below a protected structural low; a break below it invalidates the bullish scenario and signals continuation of the global 4H downtrend.
On the higher timeframes (4H and 15M), the market structure for ALGO/USDT remains bearish, with selling favored from the Premium zone.
On the 1-hour timeframe (1H), the structure is bullish, with buying favored in the discount zone.
The current price is 0,1229, making a local move down as part of a correction toward a strong higher-timeframe support zone.