The Heavy Short Bias That’s Capping $ALGO Near Key Levels.#TradeFinder
ALGO is consolidating at $0.0911, with support holding at $0.0880–$0.0895 and resistance stacked at $0.0945–$0.0960. A break below support would open the path toward $0.0850. The 4-hour structure remains bearish under major moving averages.
Smart-money positioning is heavily skewed short, with an L/S ratio of 0.33 and whales holding significantly more shorts than longs. Buyers can look to accumulate near $0.088 on stabilization, while sellers may fade into the $0.095 supply zone. Binance Simple Earn and a 50,000 USDT trading competition continue to offer incentives.
$ALGO #CoinVahini #ALGO #CryptoTrading #TechnicalAnalysis
ALGO is consolidating at $0.0911, with support holding at $0.0880–$0.0895 and resistance stacked at $0.0945–$0.0960. A break below support would open the path toward $0.0850. The 4-hour structure remains bearish under major moving averages.
Smart-money positioning is heavily skewed short, with an L/S ratio of 0.33 and whales holding significantly more shorts than longs. Buyers can look to accumulate near $0.088 on stabilization, while sellers may fade into the $0.095 supply zone. Binance Simple Earn and a 50,000 USDT trading competition continue to offer incentives.
$ALGO #CoinVahini #ALGO #CryptoTrading #TechnicalAnalysis