I am passing on $ALGO today because volume is sitting at 0.4x the weekly average
That lack of real participation means this 4.0 percent bounce is just noise
I need to see an hourly close and hold above $0.12320 before taking it seriously
Or I want a pullback that cleanly holds $0.11600 and bounces from there
It could keep running without me and a bad entry costs more than a missed move
Chasing $ALGO here or waiting for 0.11600
#ALGO #RiskManagement
That lack of real participation means this 4.0 percent bounce is just noise
I need to see an hourly close and hold above $0.12320 before taking it seriously
Or I want a pullback that cleanly holds $0.11600 and bounces from there
It could keep running without me and a bad entry costs more than a missed move
Chasing $ALGO here or waiting for 0.11600
#ALGO #RiskManagement