Today I will explain why $ALGO can drop more than 30% in spot market.... Red alert 🚨
As you can see in my added photo ALGO 63% in spot following a massive uptrend.... Now I can see ALGO breaks it's uptrend support technically showing this coin can go continually downside....
Now I will corelate total3 with ALGO..... Total3 breaks important resistance with massive buying pressure.... Now we can expect Total3 will touch that resistance as support for retest... That's why we can expect alts coin market can dump again... total3 right now key support at 790b level that means 38b dollar drop... that's why algo is following already a downtrend and total3 selling pressure boost this bearish movement
Liquidity heat map is showing $ALGO is taking buyers liquidity... Hope you can see in my liquidity heat map picture there is massive liquidity .12-.08 level so technically we can expect ALGO will take those liquidity then another bounce back...
Now technical support----
Algo can touch again .105 level that's a key support If algo breaks this support then we can expect sharp dump... If you are a short trader you can close your short at .105 level..... But there is high chance market can touch again .082 level... Because I can see massive liquidity at that level...
Hope you can see in my added photo USDT dominance is holding most important key support level... If USDT dominance breaks this support Total crypto market will fly to the moon... But That's a massive support so now I am expecting a massive bullish move because chart is showing selling pressure is down right now dominance can pump hard ....
As you can see in my added photo ALGO 63% in spot following a massive uptrend.... Now I can see ALGO breaks it's uptrend support technically showing this coin can go continually downside....
Now I will corelate total3 with ALGO..... Total3 breaks important resistance with massive buying pressure.... Now we can expect Total3 will touch that resistance as support for retest... That's why we can expect alts coin market can dump again... total3 right now key support at 790b level that means 38b dollar drop... that's why algo is following already a downtrend and total3 selling pressure boost this bearish movement
Liquidity heat map is showing $ALGO is taking buyers liquidity... Hope you can see in my liquidity heat map picture there is massive liquidity .12-.08 level so technically we can expect ALGO will take those liquidity then another bounce back...
Now technical support----
Algo can touch again .105 level that's a key support If algo breaks this support then we can expect sharp dump... If you are a short trader you can close your short at .105 level..... But there is high chance market can touch again .082 level... Because I can see massive liquidity at that level...
Hope you can see in my added photo USDT dominance is holding most important key support level... If USDT dominance breaks this support Total crypto market will fly to the moon... But That's a massive support so now I am expecting a massive bullish move because chart is showing selling pressure is down right now dominance can pump hard ....
