$ALGO 4h Eyes Bearish Continuation Amid Pressure

The 4-hour chart shows $ALGO struggling below its recent swing equilibrium, with momentum skewed to the downside. The bears currently hold the upper hand.

Price action suggests further decline unless a strong reversal plays out near the recent low around 0.1697. Watch for a potential liquidity sweep below this level followed by a bullish pin bar or volume spike signaling a short-term rebound toward resistance at roughly 0.1884 and possibly 0.2. Conversely, failure to reclaim 0.1884 with bearish rejection may extend the drop toward support near 0.1754 and deeper areas around 0.1675. Bearish continuation remains the favored scenario unless the market decisively flips above the swing equilibrium with confirmation. This analysis is trimmed. To see the full version with TP/SL/entry ladder and more depth, go through the Finora Telegram bot below.

⚠️ This is an AI analysis and not financial advice.

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