ALGO 15% DUUMP ALERT 🔥🔥🔥
SIGNAL TYPE : SHORT
COIN NAME : $ALGO
1) i can see ALGO on a 4-hour timeframe. The price is moving within a descending channel (marked by white lines), indicating a bearish trend. The RSI is currently at 45.02, signaling a neutral or slightly oversold condition, suggesting that there might be room for further downside.
2)Additionally, the MACD shows a potential bearish crossover, reinforcing the downtrend. The price is currently around $0.198 and appears to be approaching the lower boundary of the channel.
3) I cans see OTHERS on a 4-hour timeframe. The market is trending within a descending channel (highlighted by white lines), indicating a bearish market structure. There is also a support trendline (yellow line), which could act as a potential reversal zone. The RSI is at 49.29, indicating that the market is near a neutral level, with potential room for a downward move as the price approaches the lower boundary of the channel.
The MACD is showing a weak bearish momentum, and further decline is expected if the market breaks the support.
ENTRY PRICE : 0.19967957 ( or market price)
1st tp: 0.19312332
2nd tp: 0.186050150
3rd tp: 0.18064954
SL : 0.20484296 ( This trade only for spot and sl for future )
FOR MORE DETAIS , CHECK OUT MU BIO BY CLICKING MY PROFILE
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