$ALGO #ALGO 🚀
Direction: LONG
Entry zone: 0.094618 to 0.094998
Stop loss: 0.093386
Target 1: 0.096704
Target 2: 0.098126
Algorand is trading near 0.094808 dollars, up 2.20 percent in 24 hours, inside a range of 0.092644 to 0.098480 dollars, and the recent closes show buyers holding every step up, 0.094887, then 0.095006, then 0.095166, then 0.095038, then 0.094808. 🟢 My reading is that ALGO is the strongest mover in a weak market, because it gained more than 2 percent while Bitcoin was flat and most coins were red, with 37.0 million dollars of volume behind the move, and that kind of relative strength usually follows through when the market calms down. A long from the current zone, with a stop below 0.093386, targets 0.096704 first and then 0.098126 if momentum holds. A drop below 0.093386 kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does Algorand push to 0.096704 first, or fall below 0.093386? 🤔
Follow for more trades.
#Algorand #Crypto #FuturesTrading #TradingSignals
Direction: LONG
Entry zone: 0.094618 to 0.094998
Stop loss: 0.093386
Target 1: 0.096704
Target 2: 0.098126
Algorand is trading near 0.094808 dollars, up 2.20 percent in 24 hours, inside a range of 0.092644 to 0.098480 dollars, and the recent closes show buyers holding every step up, 0.094887, then 0.095006, then 0.095166, then 0.095038, then 0.094808. 🟢 My reading is that ALGO is the strongest mover in a weak market, because it gained more than 2 percent while Bitcoin was flat and most coins were red, with 37.0 million dollars of volume behind the move, and that kind of relative strength usually follows through when the market calms down. A long from the current zone, with a stop below 0.093386, targets 0.096704 first and then 0.098126 if momentum holds. A drop below 0.093386 kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does Algorand push to 0.096704 first, or fall below 0.093386? 🤔
Follow for more trades.
#Algorand #Crypto #FuturesTrading #TradingSignals
