Algo has been in a long downtrend against BTC, which could be part of a large falling wedge pattern. It has posted what seems to be a higher low recently and is currently attempting a retest on the 200EMA on the Daily timeframe. To me these show as Bullish Signals.
Fundamentally, I like ALGO because you can stake it with good returns, I just think it is a good place to store my gains that I am not ready to cash out quite yet. I would be interested in taking on more risk at the 1750 sats and 1000 sats. I would probably start reducing my position at the resistance zone around 4000 sats all the way up to 10,000 sats.
Fundamentally, I like ALGO because you can stake it with good returns, I just think it is a good place to store my gains that I am not ready to cash out quite yet. I would be interested in taking on more risk at the 1750 sats and 1000 sats. I would probably start reducing my position at the resistance zone around 4000 sats all the way up to 10,000 sats.
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