Trade Setup (Short Bias)
Entry Zone: 0.0945 – 0.0955
Take Profit 1: 0.0935
Take Profit 2: 0.0925
Take Profit 3: 0.0910
Stop Loss: 0.0968
ALGO/USDT has rejected hard from 0.0973 and is now trading below the MA 7/25/99 cluster with accelerating downside candles. The failure to hold above 0.0950 confirms seller dominance, and the recent bounce from 0.0935 shows weak demand. Structure is printing lower highs and lower lows — continuation to the downside remains the high-probability scenario.
Short Market Outlook
Momentum: Strong bearish pressure with expanding red volume.
Trend: Short-term downtrend confirmed after rejection at 0.0973.
Key Resistance: 0.0955 – 0.0970
Key Support: 0.0935 → 0.0925
As long as price remains below 0.0960, bears control the tape. A clean break under 0.0935 could trigger acceleration toward the 0.0910 liquidity pocket. Bulls need a strong reclaim above 0.0970 to invalidate the bearish continuation.