MelvinCrypto

Will Algo/Usdt do a correction?

Corto
BINANCE:ALGOUSDT   Algorand / TetherUS
Hello,

We see that Algo/Usdt has made appropriate movements according to the Fibonacci Retracement Levels in the channel it has been in since the beginning of the year. Even though I am on the bulls side in the macro view, it is possible that it will do a correction at least to 0.786 and maybe even 0.618 levels from here.

Short around $0.210 to
TP1: $0.1978
TP2: $0.1887

Cheers,

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