ALGO has completed its first local move and is now retracing toward key support levels. The price remains under the 200DMA and is heading into the first cluster of demand zones.
Step-by-Step Price Scenario:
Initial Support: Watch the 0.2413–0.2268 zone — this is the first area to scale in spot buys.
Main Accumulation: If price drops deeper, the main spot buy window is $0.22–0.20 (0.5–0.618 retracement of the recent rally and the main demand block).
Invalidation: Breakdown below $0.1726 would invalidate the spot strategy and suggest deeper downside.
Bullish Confirmation: A strong reaction from either of these support levels, followed by reclaiming the 200DMA, would set up the next move toward $0.33–$0.35.
Why this plan:
Buying spot on pullbacks into HTF demand with clear invalidation below keeps risk defined, and the current market structure allows for compounding if the trend resumes.
Step-by-Step Price Scenario:
Initial Support: Watch the 0.2413–0.2268 zone — this is the first area to scale in spot buys.
Main Accumulation: If price drops deeper, the main spot buy window is $0.22–0.20 (0.5–0.618 retracement of the recent rally and the main demand block).
Invalidation: Breakdown below $0.1726 would invalidate the spot strategy and suggest deeper downside.
Bullish Confirmation: A strong reaction from either of these support levels, followed by reclaiming the 200DMA, would set up the next move toward $0.33–$0.35.
Why this plan:
Buying spot on pullbacks into HTF demand with clear invalidation below keeps risk defined, and the current market structure allows for compounding if the trend resumes.
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.