Price action on ALGO is getting interesting here as the market pushes into a zone we’ve been monitoring closely ⚡
We’re currently tracking a short setup after seeing signs that momentum may be slowing near recent highs. If structure begins to weaken from this region, there could be room for a broader move back toward lower support levels.
📉 Position: Short
📍 Entry Zone: 0.10120 – 0.11120
🎯 TP1: 0.09200
🎯 TP2: 0.08000
🛑 SL: 0.11700
⏰ Trade Management: Breakeven adjustment planned after TP1
💡 Our current read is based on potential rejection from an overextended move, with price entering an area where sellers may begin stepping back into the market.
This reflects our own trading activity and is shared for informational purposes only, not financial advice.
