$ALGO /USDT – SHORT TRADE SIGNAL
FAILED BREAKOUT ABOVE $0.1800
BEARISH RETEST FOLLOWED BY LOWER LOW
PRICE TRAPPED BELOW KEY RESISTANCE
$ALGO has failed to sustain above the $0.1800 resistance and is currently trading at $0.1695 after making a local low at $0.1658. The price action is showing a clean lower-high formation with consistent selling pressure. Volume remains moderate, and the bounce attempts lack momentum, keeping bears in control.
Trade Setup (Short):
Entry Point: 0.1690 – 0.1725
Stop Loss: 0.1795
Take Profit:
• TP1: 0.1650
• TP2: 0.1580
• TP3: 0.1510
Margin: 2–3% of wallet
Leverage: 10x
Market Outlook:
ALGO remains bearish unless it breaks above the $0.1800 level with strong volume. Until then, downside continuation is favored.
