ALGUSD is still showing a bearish trend, There is no divergence seen using the momentum indicator (RSI). You can take the possible entry at Entry Point at 0.22344907 using fib tool and put a Stop Loss at 0.24372721. Your Take Profit point will be at 0.20317161 and your take profit point 2 will be 0.18286381. Your Risk to Reward ratio is 1:1 at 10k fund number of coins you have to short at this ratio is 4931.4
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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.