$ALGO is up 1.3 percent today so ask who is selling to you
Most retail traders see green candles and buy the top gainer without checking the math
Right now $ALGO trades at 0.12960 which sits right in the middle of its 0.12490 to 0.13310 daily range
Volume is stuck at 3.5M which is just 0.3x the weekly average meaning no heavy buyers are driving this move
When you buy here you are taking shares from someone who bought lower and wants out
The hourly RSI sits right at 50 showing zero momentum and just dead sideways chop
Chasing green candles where volume is dead means you are the exit liquidity for patient sellers
Wait for price to test the range low instead of buying the middle đ
#ALGO #TradingTips
Most retail traders see green candles and buy the top gainer without checking the math
Right now $ALGO trades at 0.12960 which sits right in the middle of its 0.12490 to 0.13310 daily range
Volume is stuck at 3.5M which is just 0.3x the weekly average meaning no heavy buyers are driving this move
When you buy here you are taking shares from someone who bought lower and wants out
The hourly RSI sits right at 50 showing zero momentum and just dead sideways chop
Chasing green candles where volume is dead means you are the exit liquidity for patient sellers
Wait for price to test the range low instead of buying the middle đ
#ALGO #TradingTips