ALGO has broken below the local support range that has been holding for weeks, and now we’re sitting in a pretty decisive zone.
Here’s the setup:
• If buyers manage to reclaim the support zone (around $0.24–0.245), then we’ll be looking for a proper bounce to the upside.
• If they fail, the bearish CME gap around $0.22 is the next logical target, and that would open the door for another bounce zone for us.
For now, we are simply observing whether this is a fakeout/liquidity sweep or a confirmed breakdown. Either way, risk management is key so that's why we have seen multiple entries that we are going to keep an eye on.
Swallow Academy
Here’s the setup:
• If buyers manage to reclaim the support zone (around $0.24–0.245), then we’ll be looking for a proper bounce to the upside.
• If they fail, the bearish CME gap around $0.22 is the next logical target, and that would open the door for another bounce zone for us.
For now, we are simply observing whether this is a fakeout/liquidity sweep or a confirmed breakdown. Either way, risk management is key so that's why we have seen multiple entries that we are going to keep an eye on.
Swallow Academy
🚨 Authentic Traders
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
🚨 Authentic Traders
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.