ALGO has just successfully tested the $0.7 zone and reversed with a Pipe pattern. In the near future, ALGO is quite potential when it can completely move to the $1.2 zone, but in the short term, ALGO can bear a resistance at the $1 zone so we need to pay attention to this zone.
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 0.7$ zone
🔴Buy : 0.7
🔴Sell : 0.85 - 1 - 1.2
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 0.7$ zone
🔵Sell : 0.7
🔵Buy : 0.6 - 0.5
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
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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.