A $ALGO 24-hour low has appeared.
24h: -5.01%, current price: 0.1138, previous low: 0.1144.
Structurally, a new low means the bulls’ defensive line has been breached. First, watch whether the rebound can reclaim the previous low; if not, the weakness will continue. Reclaiming it could mean this was a false breakdown. Will the market turn later?
#ALGO
I may not be right, so don’t blindly follow this.
24h: -5.01%, current price: 0.1138, previous low: 0.1144.
Structurally, a new low means the bulls’ defensive line has been breached. First, watch whether the rebound can reclaim the previous low; if not, the weakness will continue. Reclaiming it could mean this was a false breakdown. Will the market turn later?
#ALGO
I may not be right, so don’t blindly follow this.