Some coins have reached the rock bottom. Rock bottom does not guarantee or is a symptom of reversal to the upside.
it's important to note that reversal happens when price has got to an institutional key level or say protected levels.
This is the level the market makers and investors would not like to see price trade below. They would however rather introduce new money into the project or pair at that level just to push price back up.
ALGOUSDT is such a pair that has got to the institutional level and has given a healthy signal for reversal. This means that we would be looking for the BUYs.
it's important to note that reversal happens when price has got to an institutional key level or say protected levels.
This is the level the market makers and investors would not like to see price trade below. They would however rather introduce new money into the project or pair at that level just to push price back up.
ALGOUSDT is such a pair that has got to the institutional level and has given a healthy signal for reversal. This means that we would be looking for the BUYs.