Algorand Perpetual Futures
Long
Updated

Opportunity to Long ALGO

85
ALGO is in a area that has provided some epic gains. The risk is worth the reward and i think others see it to! Correlation to BTC is weak so it could go on it own! Ideal entry 0.2100 area, but im going to scale in slow. I'm short TRX and can use that to hedge a entry on ALGO
Trade active
i got 0.2206 and took some off, im still unclear if this is going to be to leg I want. I will add if we get over something like the 21 on the 4h. Till then i will get what i can out of the bounce just in case it dies out.
Note
If we close even a 15 min under that arrow , It may confirm that we got the wrong leg and the lows are still to come. Till we get a 4h over something think of this a scalp. Don't let it go back in to the RED.

snapshot
Note
This is what we want the 21 on the 4h, Im drooling just thinking about breaking that! snapshot
Note
Sorry i posted MATIC , This is what we want snapshot
Trade active
Very Happy
Note
This might be it, break the 12h 100 MA and I could see a quick 20% pump, good luck if you took this trade. This is not as spot to add, its a spot to derisk and lock in some gains. snapshot
Trade closed: target reached
Well we made it, im happy with my trade and im shutting it down. Congrats if you took this trade for a gain of 57%. Happy trading

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