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Algorand / TetherUS PERPETUAL CONTRACT

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ALGOUSDT.P trade ideas

ALGOUSDT: 20% FOR LONG ?Disclaimer High Risk Investment Trading cryptocurrencies and Forex carries a high level of risk, and may not be suitable for all investors. Before deciding to trade cryptocurrency you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with cryptocurrency and Forex trading, and seek advice from an independent financial advisor. Since Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. The Bibres will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. All opinions expressed are owned by the respective writer and should never be considered as advice in any form. A qualified professional should be consulted before making any financial decisions. -------------------------------------------------------------------------------------------------------------------
Long
by TraderBibres2003
2
Riding the Algorand Wave: Get Ready for a Crypto Surge!Algorand's current market price has been a subject of concern among investors, given that the platform has a strong technological foundation and promising potential. The market volatility is an inherent feature of the cryptocurrency landscape, and fluctuations in prices are common and to be expected. Algorand is a relatively young project, having launched in 2019, and is still in the early stages of its growth trajectory. As such, it may take some time for the platform to gain wider adoption and establish a stable price level. Nonetheless, the Algorand team has been making significant strides in forging partnerships and advancing the platform's technological capabilities, which could bolster demand for the network and increase its market value. Moreover, the platform's long-term prospects and potential for disrupting industries such as finance and healthcare should not be overlooked. Ultimately, the decision of whether to invest in Algorand at its current price point is contingent on your risk tolerance and research. Lower prices can offer opportunities for those who are willing to make early investments in promising projects!
Long
by MarkBTV
TRADE ALERT - LONG ALGOAlgo has also entered my target down area and with the daily RSI into oversold territory, I believe this is an appropriate area to enter. Yes, Bitcoin could still come down to that 25,200 neckline area or lower, dragging ALTS down even further, but I have set my entry targets for these recent alts trades and will stick to the trading strategy at this point, holding through potential losses until they become profits again. Target will be upper levels printed. SL would be 14 cents or lower. Best, Stew
Long
by stewdamus
ALGO/USDT Falls into Bearish Trend on Daily TimeframeBINANCE:ALGOUSDT pair has turned bearish according to its daily chart, after a brief period of upward momentum. This is due to the formation of a bearish double top pattern, which broke downwards, followed by an ascending triangle that had the potential to break upwards. Unfortunately, the triangle broke downwards faster than anticipated, signaling a continued bearish trend. Algorand is currently trading near a significant support level, and if this level is breached, it could potentially result in further downside. The fate of Algorand will ultimately be determined by the performance of Bitcoin, which is a major influence on the broader cryptocurrency market. It's important to note that investing in cryptocurrencies is inherently risky due to the volatile nature of the market. Therefore, it's crucial to conduct thorough research before making any investment decisions and to have a sound investment strategy that aligns with your individual goals and risk tolerance. May the markets be ever in your favor!
Short
by UnknownUnicorn3327923
ALGO/USDT watching for a price movementHey guys 👋 First coin of the day is ALGO with a nice potential for a further drop to occur here. We are going to wait mainly for the weekly open price to be more sure but this is the scenario we are going to wait for! If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Short
by SwallowAcademy
4
ALGO Short Setup After a Little CorrectionOKX:ALGOUSDT We do not like to open position through the C point to D point but there is a solid increase possibility. If you like risk you can open position by targeting the D point or near D point is more meaningful. We use moving averages by targeting these kind of positions. Anyway, the main position is short setup which completes at D point is also a shifter rally point. Two side of position needs to trigger with a price action as you know. May the force be with you.
Short
by MonkApe
ALGO/USDT "Double Bottom" = weak one? Hey traders 👋 Let's look at ALGo coin here on daily chart with a nice potential of a breakdown to happen here. We see that this one has formed a nice "double bottom" pattern where it is trying to find a decent support at that second leg but struggles to do so. If Algo won't find a good support there then we have a great chance of a breakdown to happen BUT if we do see a support to occur there then you know what to do)) If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team 🔱 Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
by SwallowAcademy
1