On the 1-hour timeframe, ALGO has broken below the black support trendline, indicating bearish momentum.
Setup Details:
Target: Green zone (potential support level).
⚠️ Note: Monitor closely as the price approaches the target zone and manage your risk carefully. This setup presents a potential short opportunity.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.