Algorand (ALGO)On the above 5-day chart price action has corrected over 90% since the sell signal (not shown). Now is an excellent long trade. Why?
1) You know why.
2) Price action and RSI resistance breakouts.
3) Strong regular bullish divergence.
4) Price action prints on past support & resistance, look left.
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: don’t know
Return: will say somewhere else