🚀 $ALGO
LONG SETUP 🚀
ALGO bounced off the low at $0.10968 and has just pushed up into its 99 MA, with the 7 MA and 25 MA curling up underneath. I’m watching for a long on a dip into the support cluster, not chasing the current candle. 📈
Entry: $0.1165 – $0.1185
TP1: $0.1215
TP2: $0.1250
TP3: $0.1300
SL: $0.1140
🔺 Why ALGO is on watch:
Price ($0.11898) is above the 7 MA ($0.11768) and 25 MA ($0.11545), and is testing the 99 MA ($0.11876) from below after a strong green push off the base The structure shows higher lows since the wick to $0.10968, and the 7 MA has crossed up through the 25 MA, an early sign the downtrend off the $0.14355 spike is easing A 1H close above the 99 MA would be the first confirmation, and that would turn the $0.1188 area from resistance into support The 7 MA ($0.11768) is the first support, with the 25 MA ($0.11545) as the deeper dip-buy zone. A 1H close under $0.1140 would invalidate the setup.
Not financial advice. DYOR.
🔔 Follow CoinDispatch for more daily trade setups and market updates!
LONG SETUP 🚀
ALGO bounced off the low at $0.10968 and has just pushed up into its 99 MA, with the 7 MA and 25 MA curling up underneath. I’m watching for a long on a dip into the support cluster, not chasing the current candle. 📈
Entry: $0.1165 – $0.1185
TP1: $0.1215
TP2: $0.1250
TP3: $0.1300
SL: $0.1140
🔺 Why ALGO is on watch:
Price ($0.11898) is above the 7 MA ($0.11768) and 25 MA ($0.11545), and is testing the 99 MA ($0.11876) from below after a strong green push off the base The structure shows higher lows since the wick to $0.10968, and the 7 MA has crossed up through the 25 MA, an early sign the downtrend off the $0.14355 spike is easing A 1H close above the 99 MA would be the first confirmation, and that would turn the $0.1188 area from resistance into support The 7 MA ($0.11768) is the first support, with the 25 MA ($0.11545) as the deeper dip-buy zone. A 1H close under $0.1140 would invalidate the setup.
Not financial advice. DYOR.
🔔 Follow CoinDispatch for more daily trade setups and market updates!