$ALGO – OVEREXTENDED SPIKE? BEARISH PRESSURE EMERGING

REJECTED AT $0.2621

SHARP PUMP FOLLOWED BY SELLING WICK

$ALGO surged from $0.2307 to $0.2621, fueled by high volume and sudden momentum. However, the latest red candle with a rejection wick at the top suggests profit-taking and early signs of a potential reversal. Price is now pulling back to $0.2593, failing to hold the breakout level cleanly.

Trade Setup:

Short Entry: $0.2590 – $0.2610

Target 1: $0.2510

Target 2: $0.2440

Stop Loss: Above $0.2635

If bulls can’t defend this zone,$ALGO may retrace a large portion of the move. Caution is advised — the pump may be fading.

#ALGO #BearishSignal #AltcoinUpdate #CryptoReversal #BinanceFutures