$ALGO BREAKING CRITICAL SUPPORT! 📉🚨
ALGO has crashed -5.09% and is breaking below the VITAL MA(7) support at 0.1578. This Layer 1 is showing significant weakness with a clear breakdown pattern.
🎯 TRADE SIGNAL (Bearish Breakout)
· ENTRY: 0.1560 - 0.1570 (on continued weakness)
· TARGET 1: 0.1530
· TARGET 2: 0.1500
· 🛑 STOP LOSS: 0.1585 (above breakdown level)
The Setup:
· Breaking below MA(7) and MA(25) support
· Strong -5.09% decline showing bearish momentum
· Layer 1 token showing relative weakness
· Clear breakdown pattern confirmed
BREAKDOWN CONFIRMATION - More downside likely!
Like & comment if you're trading ALGO! 👇
#Algorand #ALGO #TradingSignal #Crypto #Breakdown ---
Pinned Comment:
Not financial advice. ALGO is showing significant technical weakness - trade with extreme caution and proper risk management. Consider waiting for stabilization before long entries.