ALGO 4-hour .. Trade Long in progress

20 Ara 2024

I figured this one out a day or two ago.
Placed an order in for the long position.

I am now active in the trade. Even if it goes lower I will just stay in the trade. I see ALGO going upwards for another run.

Yeah so... risky as it may seem, I guessed purely on historical support area and 50% drop from recent ATH.

I am going with the trade, "Buy the dip" philosophy. Buying in, on the way down.

It is possible that, if the market in whole, continues a down hill march...
ALGO will probably reach the 20 cent area. .. Then 15 and 10 cent areas.
Highly unlikely, however it still could happen, nothing is guaranteed.

6 Oca

İşlem elle kapatılmış

Seemed like a good time to take the money off the board. 12 cents on 5,250 units, minus 2% = $617 profit .. this was a 17 day trade, around 38% gain.

10 Oca

Not