AlgorandLong
ALGO - A Rally in the Making
Price is nearing a strong support and bearish sentiment has slowed down for now.
Next, I expect a rally up to the last major area of structure.
Conditions:
-A candle needs to close above the purple line [50 period moving average].
-There needs to be some solid buying pressure on the cross and retest [Long Lower Wick, High Volume, etc.]
Entry: $0.96
Target: $1.24
Stop: $0.85
Let's see how things play out!
Next, I expect a rally up to the last major area of structure.
Conditions:
-A candle needs to close above the purple line [50 period moving average].
-There needs to be some solid buying pressure on the cross and retest [Long Lower Wick, High Volume, etc.]
Entry: $0.96
Target: $1.24
Stop: $0.85
Let's see how things play out!
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