$ALGO /USDT BEARISH PRESSURE DOMINATING – FURTHER DOWNSIDE RISK AHEAD
Trade Setup
Entry Zone: 0.0915 – 0.0922
Take Profit 1: 0.0900
Take Profit 2: 0.0885
Take Profit 3: 0.0865
Stop Loss: 0.0940
$ALGO /USDT continues to trade under strong bearish pressure after a sharp rejection from the 0.0965 high. Price structure shows consistent lower highs and lower lows, signaling that sellers are still in control. With the pair trading below key moving averages and struggling to reclaim 0.092–0.093 resistance, the probability favors another downside push toward the next support zone.
Market Outlook
Momentum remains bearish with weak recovery attempts and declining price structure. Volume spikes during sell-offs indicate active distribution, while the market is struggling to regain bullish strength. A clean break below 0.0900 could accelerate selling pressure toward 0.088–0.086 levels. Only a strong reclaim above 0.094 would invalidate the bearish scenario and signal potential recovery.
#ALGO #CryptoTrading #Binance #Altcoins #Write2Earn $ALGO
Trade Setup
Entry Zone: 0.0915 – 0.0922
Take Profit 1: 0.0900
Take Profit 2: 0.0885
Take Profit 3: 0.0865
Stop Loss: 0.0940
$ALGO /USDT continues to trade under strong bearish pressure after a sharp rejection from the 0.0965 high. Price structure shows consistent lower highs and lower lows, signaling that sellers are still in control. With the pair trading below key moving averages and struggling to reclaim 0.092–0.093 resistance, the probability favors another downside push toward the next support zone.
Market Outlook
Momentum remains bearish with weak recovery attempts and declining price structure. Volume spikes during sell-offs indicate active distribution, while the market is struggling to regain bullish strength. A clean break below 0.0900 could accelerate selling pressure toward 0.088–0.086 levels. Only a strong reclaim above 0.094 would invalidate the bearish scenario and signal potential recovery.
#ALGO #CryptoTrading #Binance #Altcoins #Write2Earn $ALGO