$ALGO

⚠️ Bull Traps Everywhere on ALGO Charts 🪤📉

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Algorand (ALGO) is showing textbook bull trap patterns across multiple timeframes ⚠️. Quick green candles followed by sharp reversals are becoming a theme — a setup that’s punishing late buyers and breakout chasers 📊🪤.

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Each upward move is met with resistance and heavy sell pressure 🚫🔥. These fakeouts are luring in traders hoping for a breakout, only to get trapped as the price collapses shortly after. Market makers are using every bounce to dump bags 📉💣.

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RSI remains weak despite green candles — a sign of hidden bearish momentum 🧊📉. MACD is unstable, constantly crossing back and forth, offering no clear bullish confirmation. Volume also exposes the trap — low on green, heavy on red 🛑⚡.

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These patterns suggest manipulation and distribution at key zones. Without a solid breakout backed by volume and structure, every bounce risks becoming another trap for retail 🚨🪤.

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In conclusion ✅🎯, ALGO is flooded with bull traps. Repeated rejections and fake breakouts are draining momentum. Be patient, stay cautious, and don’t chase green candles. Let the setup prove itself before entering ⚡🛡️.