ALGOUSDT potential reversal setup forming

Looking at today's candle as a potential buy signal IF AND ONLY IF it closes near its high. If it does, a buy above the candle is reasonable.

Setup invalidated if either of the following happens: market pulls back significantly before closing, market trades below 0.2767 (red line), or if market creates a lower low (below support level around 0.2626).

Warning: not a trading advice, please. DYOR.

Trade attivo

Trade chiuso manualmente:

Closed manually when market broke below 2767 as premise that it is a higher low was invalidated.