🔴 $ALGO /USDT – Bearish Rejection From Supply Zone | Short Setup ⚡
$ALGO is showing a strong rejection after a sharp pump into the $0.1405 supply zone, where sellers stepped in and created a pullback. Price is now losing momentum below the resistance area, indicating a possible liquidity sweep + bearish continuation if buyers fail to reclaim higher levels. A short entry can be considered around $0.1300–$0.1285 after confirmation of rejection.
🎯 Take Profit Levels:
• TP1: $0.1255
• TP2: $0.1175
• TP3: $0.1095
🛑 Stop Loss: $0.1410
📌 Technical Logic: Price is trading below the recent breakout high, forming a possible BOS failure and pullback into supply. Watch for bearish candles and weak buying pressure before entering. Manage risk properly and avoid chasing the move.
#ALGO
$ALGO is showing a strong rejection after a sharp pump into the $0.1405 supply zone, where sellers stepped in and created a pullback. Price is now losing momentum below the resistance area, indicating a possible liquidity sweep + bearish continuation if buyers fail to reclaim higher levels. A short entry can be considered around $0.1300–$0.1285 after confirmation of rejection.
🎯 Take Profit Levels:
• TP1: $0.1255
• TP2: $0.1175
• TP3: $0.1095
🛑 Stop Loss: $0.1410
📌 Technical Logic: Price is trading below the recent breakout high, forming a possible BOS failure and pullback into supply. Watch for bearish candles and weak buying pressure before entering. Manage risk properly and avoid chasing the move.
#ALGO
