$ALGO Long Liquidation: $1.1179K at $0.1106
Long traders were caught as ALGO failed to hold its support and sold off quickly. Buyers expected continuation, but selling pressure stepped in and forced a clean liquidation below the range. Liquidity was taken efficiently, confirming short-term weakness and seller control.
Entry (EP): $0.11220
Take Profit (TP): $0.10680
Stop Loss (SL): $0.11550
Market Outlook:
$ALGO is under short-term bearish pressure after losing the key support zone. If price stays below the liquidation level, further downside or choppy consolidation is likely. Bulls will need a strong reclaim with volume to regain control. Trade patiently and manage risk strictly.
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