Algorand (ALGO): Seems More of a Liquidity Grab | We Wait

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Current movement on markets seems a little suspicious, where markets are dipping hard, yet for example, on ALGO, we do not see any proper signs.

We are expecting to see soon a bounce to upper zones to form another local hight from where we will be looking for a correctional movement, but for now we are just keeping our attention at 200 EMA.

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ALGO failed to form proper BOS so no trade was taken!

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