$ALGO WEAK BOUNCE INTO OVERHEAD SUPPLY WITH BEARISH CONTINUATION BIAS

Short $ALGO

Entry: 0.1026 - 0.1033

SL: 0.1042

TP1: 0.1010

TP2: 0.0998

TP3: 0.0985

ALGO is still trading inside a clear lower-high structure, and this bounce looks more like a reaction into supply than a real reversal. The 0.1028-0.1034 area is the first place sellers can lean again, while liquidity is sitting below the 0.1010 sweep. As long as price stays capped under that reclaim zone, continuation lower makes more sense than chasing a bounce.

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ALGO
ALGOUSDT
0.1056
+1.44%