ALGO is trading near the 0.90 resistance, eyes a break lower after a tight range. Price slipped 1.2% on the 4‑hour, setting the stage for a short swing.
🔴 $ALGO SHORT 📉
Entry → $0.113327-$0.113553
Stop → $0.116843 (-3.0%)
TP1 → $0.111738 (+1.5%)
TP2 → $0.107768 (+5.0%)
R/R 1:1.7 • Confidence 64%
A change of character on the 4‑hour showed the bullish structure crumble, while the CVD turned negative confirming selling pressure. The fair value gap from the prior up move aligns with the order block, creating a POI where the OB and FVG overlap. With confidence at 64% and a 1:1.7 reward‑to‑risk, the short entry feels solid.
A 3.0% stop is relatively tight; use no more than 5‑10× leverage to keep margin safe.
Take half profit at the first target around 0.84 to lock in gains.
Not financial advice — always manage your own risk 🙏
$ALGO #ALGOUSDT #Bitcoin #TradingSignals #Write2Earn
🔴 $ALGO SHORT 📉
Entry → $0.113327-$0.113553
Stop → $0.116843 (-3.0%)
TP1 → $0.111738 (+1.5%)
TP2 → $0.107768 (+5.0%)
R/R 1:1.7 • Confidence 64%
A change of character on the 4‑hour showed the bullish structure crumble, while the CVD turned negative confirming selling pressure. The fair value gap from the prior up move aligns with the order block, creating a POI where the OB and FVG overlap. With confidence at 64% and a 1:1.7 reward‑to‑risk, the short entry feels solid.
A 3.0% stop is relatively tight; use no more than 5‑10× leverage to keep margin safe.
Take half profit at the first target around 0.84 to lock in gains.
Not financial advice — always manage your own risk 🙏
$ALGO #ALGOUSDT #Bitcoin #TradingSignals #Write2Earn