$ALGO USDT – SHORT TRADE SIGNAL🔴
🔻 REJECTION BELOW EMA-25 & EMA-99 ZONE
🔻 BREAKDOWN FROM MINOR SUPPORT AT $0.284
ALGO is trading in a persistent downtrend with lower highs and lower lows forming below the key EMAs (EMA-7 at $0.2849, EMA-25 at $0.2880, EMA-99 at $0.2941). After testing the resistance zone near $0.288–$0.290, price sharply reversed and broke below the $0.284 support.
Current Price Action:
Price is trading at $0.2809, near the intraday low of $0.2792. A bearish continuation pattern is confirmed, suggesting that bears remain in control. A drop below $0.2790 could invite more downside.
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🔻TRADE SETUP:
• Entry Point: $0.2810 – $0.2830
• Stop Loss: $0.2885
• Take Profit:
• TP1: $0.2760
• TP2: $0.2700
• Margin: 2–3% of wallet
• Leverage: 10x
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📉 Market Outlook:
ALGO continues to slide within a strong bearish trend. Short-term bounces are being sold off. Expect extended downside unless buyers reclaim the EMA-25.
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