ALGO is currently sliding down the chart like a local drunk on a playground slide, firmly stuck in a bearish descending channel. We just lost the MA99 support at 0.1099, and the volume is so pathetic it looks like everyone just gave up and went to the beach. Momentum is buried underground, and with the price getting consistently rejected by the MA7, there’s zero signs of life here. Unless the bulls find a miracle and reclaim 0.1120, we’re basically just waiting for a date with 0.1050 or lower.
Tip: Avoid. Trying to long this right now is just an expensive way to learn that hope isn’t a trading strategy.
ALGO
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