Looking for a Long position for ALGO:USDT we seem to have been building up for a break of resistance and a retest of previous highs
We had a triangle building up against previous resistance and pretty good volume on the last support that could indicate a period of consolidation.
Now we are in the middle of a bullish market and ALGO has been quite a good performer previously so It might start its own uptrend pretty soon.
I'm gonna keep an eye on this triangle and getting ready to long the break with the stop loss just below the triangle.
We had a triangle building up against previous resistance and pretty good volume on the last support that could indicate a period of consolidation.
Now we are in the middle of a bullish market and ALGO has been quite a good performer previously so It might start its own uptrend pretty soon.
I'm gonna keep an eye on this triangle and getting ready to long the break with the stop loss just below the triangle.
Trade attivo
Got in at 0.3463
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.