One my favourite coins to swing trade! ALGO
As the title says it all. The fluctuation in the price can be frustrating, but we must capitalize on this presented opportunity.
Long term I am Bullish but boy this is a sweet coin to swing trade.
MACD 4HR Chart looks like ALGO could do with a break perhaps, so I have opened a small short position to benefit from this temporary vacation. Shorting is dangerous but works in short term movements hence "short".
Though I don't currently own any 'short shorts' from Elon if you get me ;)
A lot of profit-taking at 1.40$ so it's gonna be hard to break resistance. However, once we do break resistance the pump will be fast and 2$ will seem inevitable.
I will aim to TP around 1.35-1.3$ considering this plays out. Re-entry for a long around the same mark or lower.
Good luck Bulls and Bears (pretty much no bears here but have to be gender inclusive these days)
(disclaimer not financial advice just opinion)
ALGOUSD
Long term I am Bullish but boy this is a sweet coin to swing trade.
MACD 4HR Chart looks like ALGO could do with a break perhaps, so I have opened a small short position to benefit from this temporary vacation. Shorting is dangerous but works in short term movements hence "short".
Though I don't currently own any 'short shorts' from Elon if you get me ;)
A lot of profit-taking at 1.40$ so it's gonna be hard to break resistance. However, once we do break resistance the pump will be fast and 2$ will seem inevitable.
I will aim to TP around 1.35-1.3$ considering this plays out. Re-entry for a long around the same mark or lower.
Good luck Bulls and Bears (pretty much no bears here but have to be gender inclusive these days)
(disclaimer not financial advice just opinion)
ALGOUSD
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