$ALGO JUST PUT THE BEAR TREND ON NOTICE
ALGO is pressing into the top of its daily descending channel, and that kind of compression often sets up a violent move when resistance finally cracks. A strong breakout candle with follow-through would shift the trend structure and likely pull momentum capital back in fast.
Watch the daily close. Demand volume expansion. Let liquidity clear above the channel before you commit. If resistance flips to support, stay with the move. If the breakout fails, step aside and wait for a cleaner sweep.
I like this setup because trapped shorts can fuel a sharp repricing once the channel breaks cleanly. The first decisive close above the boundary could be the trigger that wakes up real momentum.
Not financial advice. Manage your risk.
#Crypto #ALGO #Altcoins #Trading #BullishSetup
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