ALGO - Time to Buy?
I think its a perfect time to buy or Long some Algo
We can see that the coin perfectly bounced from 0.0878$ price level, from which it already bounced for the 3rd time.
And each time it was bouncing for 16 to 22 % up
On the chart I highlighted important levels to watch and book some profits.
1. High possibility that the coin will bounce till 0.0978$ where we can expect bear reaction. So either open short position from that level, but 1st of all check if the markets trend is bearish and if there will be bearish signs on Lower time frames
2. The coin breaks above 0.0978$ and reaches 0.105$ where the probability that sellers will want to lead at that level is very HIGH. So, important to book some profits there too.
3. Very bullish and optimistic scenario is that the coin breaks above 0.1059$, would be perfect to see Weekly close around that level. In this case, the coin can go to the higher prices, for example 0.1167$ etc.
We can see that the coin perfectly bounced from 0.0878$ price level, from which it already bounced for the 3rd time.
And each time it was bouncing for 16 to 22 % up
On the chart I highlighted important levels to watch and book some profits.
1. High possibility that the coin will bounce till 0.0978$ where we can expect bear reaction. So either open short position from that level, but 1st of all check if the markets trend is bearish and if there will be bearish signs on Lower time frames
2. The coin breaks above 0.0978$ and reaches 0.105$ where the probability that sellers will want to lead at that level is very HIGH. So, important to book some profits there too.
3. Very bullish and optimistic scenario is that the coin breaks above 0.1059$, would be perfect to see Weekly close around that level. In this case, the coin can go to the higher prices, for example 0.1167$ etc.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.