$ALGO – REJECTION AT RESISTANCE! SHORT SETUP BREWING

STRONG WICK OFF $0.2451

BULLS STRUGGLING NEAR LOCAL RESISTANCE

$ALGO surged from $0.2234 to $0.2451 but faced immediate rejection at resistance, now pulling back to $0.2431. The upper wick and slowing volume suggest weakening buying pressure just below the 24H high.

If the price fails to hold above $0.2410, we may see a slide back toward the $0.2366 and $0.2319 levels. This rejection candle is a warning sign — bears could soon regain momentum.

🔻 Short Trade Setup: Entry: $0.2430 – $0.2440

Stop Loss: $0.2475

Target 1: $0.2365

Target 2: $0.2315

Target 3: $0.2235

Momentum is fading after a sharp move up. If bulls don’t defend $0.2410, expect downside continuation. Trade carefully — this could flip fast.

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