🔥 ALGO Consolidation Before Break Out
We've all seen the huge bullish move that ALGO made last week. Since hitting the $2.50 resistance area, ALGO has failed to break it and is trading sideways, lower bound at $1.90.
I'm expecting ALGO to resume the horizontal price movement in the near future. Huge moves like this usually need some time to cool off.
Hopefully we can resume the trend later this month and get to $3. I'm looking at the $1.90 area for a potential reversal.
Happy trading!
I'm expecting ALGO to resume the horizontal price movement in the near future. Huge moves like this usually need some time to cool off.
Hopefully we can resume the trend later this month and get to $3. I'm looking at the $1.90 area for a potential reversal.
Happy trading!
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