🔴 $ALGO /USDT – SMART MONEY ALERT! 🚨 Is a Bearish Breakdown Toward $0.1008 Coming?
$ALGO is showing signs of bearish pressure on the 1H chart, currently trading near $0.1044 (-1.32%) after falling from $0.1090 and sweeping sell-side liquidity around $0.1008. Although buyers managed a recovery, the latest price action shows repeated rejection near $0.1050–$0.1058, suggesting sellers are defending this important supply zone. The market is now consolidating below resistance, and a possible buy-side liquidity grab (IDM) could attract late buyers before another downward move. Traders should watch for a bearish rejection candle and a confirmed Break of Structure (BOS) below $0.1038 to strengthen the short scenario. 🎯 SMART SHORT SETUP: Entry $0.1050–$0.1058 after rejection confirmation | TP1: $0.1032 | TP2: $0.1022 | TP3: $0.1008 | 🛑 Stop Loss: $0.1069. With $1.81M in 24H trading volume, the key is to watch price reaction rather than chase candles. A strong breakout above $0.1067 would weaken this bearish outlook. 🔥 Smart traders wait for confirmation, protect their capital, and let price action reveal the next opportunity! Follow for more professional crypto analysis and smart-money trading setups. #ALGO #Algorand #BinanceSquare #CryptoTrading #SmartMoney
#ALGO
$ALGO is showing signs of bearish pressure on the 1H chart, currently trading near $0.1044 (-1.32%) after falling from $0.1090 and sweeping sell-side liquidity around $0.1008. Although buyers managed a recovery, the latest price action shows repeated rejection near $0.1050–$0.1058, suggesting sellers are defending this important supply zone. The market is now consolidating below resistance, and a possible buy-side liquidity grab (IDM) could attract late buyers before another downward move. Traders should watch for a bearish rejection candle and a confirmed Break of Structure (BOS) below $0.1038 to strengthen the short scenario. 🎯 SMART SHORT SETUP: Entry $0.1050–$0.1058 after rejection confirmation | TP1: $0.1032 | TP2: $0.1022 | TP3: $0.1008 | 🛑 Stop Loss: $0.1069. With $1.81M in 24H trading volume, the key is to watch price reaction rather than chase candles. A strong breakout above $0.1067 would weaken this bearish outlook. 🔥 Smart traders wait for confirmation, protect their capital, and let price action reveal the next opportunity! Follow for more professional crypto analysis and smart-money trading setups. #ALGO #Algorand #BinanceSquare #CryptoTrading #SmartMoney
#ALGO
