ALGOUSDT Perpetual Contract
Short
Updated

Algorand(ALGO): Potential Movement To Lower Zones!

166
Algorand has been showing some steady movement to lower zones, where we see multiple signs of weakness.

With that being said, we are pretty confident to see some further movement here, potentially securing fully both 100 and 200 EMA by bears.

Multiple good scalps can be taken here as well, we see!

Swallow Team
Note
snapshot
Algorand has had a nice rejection and steep movement to the lower zones.

As we have secured that 100EMA zone, we are looking for a breakdown of 200EMA to happen and a retest of lower zones near the liquidity zone!

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