ALGOUSDT at weekly support and likley to move up from here
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This one is approaching towards the its lows. There is a monthly and weekly level almost close to the current price. It may breach that for a while but I expect it to hold that level on weekly time frame and bounce from there. If it does bounce, I see it aiming towards daily and then probably weekly resistance.
The price has finally hit the weekly support which is also monthly support level. I believe this is going up from here but as said before, it may dip briefly on intra week basis.
The price has finally hit the weekly support which is also monthly support level. I believe this is going up from here but as said before, it may dip briefly on intra week basis.
Nota
So this short time frame trade idea worked quite well. The price was at weekly support and expected to bounce towards the resistance zone. By the way, there is a higher time frame idea I have shared which has the target towards daily resistance and is currently playing out. So they should not be mixed up. Will share other short time frame ideas on this one in separate post.
Penafian
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