$ALGO – REJECTION AT LOCAL HIGH, BEARISH FADE IN PLAY

• LOWER HIGH FORMATION

• VOLUME DECLINE ON REBOUND

$ALGO faced a sharp rejection at $0.2507, with sellers stepping in aggressively after a quick vertical move. Price retraced and attempted a weak recovery, but failed to reclaim previous highs, forming a clear lower high near $0.2475. With volume fading on the bounce and candles showing wicks to the upside, the short-term momentum is shifting bearish.

Short Trade Setup:

• Entry: $0.2455 – $0.2465

• Target 1: $0.2430

• Target 2: $0.2405

• Stop Loss: $0.2482

Caution is warranted as a break below $0.2430 could trigger further downside toward the support zone at $0.2400.

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