ALGO has been trading inside this bullish triangle ever since the sell-off of 10 days ago, During this time, the upper resistance around 1.18 has been holding strong. Since the crypto market is showing strong signs of recovery, I'm confident to make this long trade. Entry is based at the open of the current H1 bar.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
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