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Algorand / TetherUS PERPETUAL CONTRACT

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ALGOUSDT.P trade ideas

TRADE ALERT - LONG ALGOAlgo has also entered my target down area and with the daily RSI into oversold territory, I believe this is an appropriate area to enter. Yes, Bitcoin could still come down to that 25,200 neckline area or lower, dragging ALTS down even further, but I have set my entry targets for these recent alts trades and will stick to the trading strategy at this point, holding through potential losses until they become profits again. Target will be upper levels printed. SL would be 14 cents or lower. Best, Stew
Long
by stewdamus
ALGO/USDT Falls into Bearish Trend on Daily TimeframeBINANCE:ALGOUSDT pair has turned bearish according to its daily chart, after a brief period of upward momentum. This is due to the formation of a bearish double top pattern, which broke downwards, followed by an ascending triangle that had the potential to break upwards. Unfortunately, the triangle broke downwards faster than anticipated, signaling a continued bearish trend. Algorand is currently trading near a significant support level, and if this level is breached, it could potentially result in further downside. The fate of Algorand will ultimately be determined by the performance of Bitcoin, which is a major influence on the broader cryptocurrency market. It's important to note that investing in cryptocurrencies is inherently risky due to the volatile nature of the market. Therefore, it's crucial to conduct thorough research before making any investment decisions and to have a sound investment strategy that aligns with your individual goals and risk tolerance. May the markets be ever in your favor!
Short
by UnknownUnicorn3327923
ALGO/USDT watching for a price movementHey guys 👋 First coin of the day is ALGO with a nice potential for a further drop to occur here. We are going to wait mainly for the weekly open price to be more sure but this is the scenario we are going to wait for! If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Short
by SwallowAcademy
4
ALGO Short Setup After a Little CorrectionOKX:ALGOUSDT We do not like to open position through the C point to D point but there is a solid increase possibility. If you like risk you can open position by targeting the D point or near D point is more meaningful. We use moving averages by targeting these kind of positions. Anyway, the main position is short setup which completes at D point is also a shifter rally point. Two side of position needs to trigger with a price action as you know. May the force be with you.
Short
by MonkApe
ALGO/USDT "Double Bottom" = weak one? Hey traders 👋 Let's look at ALGo coin here on daily chart with a nice potential of a breakdown to happen here. We see that this one has formed a nice "double bottom" pattern where it is trying to find a decent support at that second leg but struggles to do so. If Algo won't find a good support there then we have a great chance of a breakdown to happen BUT if we do see a support to occur there then you know what to do)) If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team 🔱 Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
by SwallowAcademy
1
ALGO/USDT "Double Bottom?"Hey guys 👋 Another coin that caught our attention here is ALGO coin with a great potential for a bullish movement here to happen soon! Waiting for the outcome which can result to at least 20% growth! If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team 🔱 Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Long
by SwallowAcademy
14
ALGORAND - Massively bullish, 100% upside potentialALGORAND has recently come out of a downtrend... and currently facing resistance around the 0.225 - 0.24$$ region. the question is what is the safe entry for this? the token has extremely strong support at the 0.21$ region, an aggressive entry can be taken around 0.215 - 0.21 $ A safer entry can be looked at around the 0.19 - 0.2$ region. This entry can be achieved if BTC retraces back to 29000$ level before continuing its journey to 38 - 40,000 $ level. after that is a rocket ride. let's see if PA takes turn in our side
Long
by crypto_gambler_
5