ALGO/USDT - double bottom - retest and long trade potential
I had planned to enter the trade with a strong breakout and then a retest. Such a strong breakout is a positive indicator for a long trade to be taken. Now it's time to wait for the price to reach the breakout area. If this trade is stopped, I can plan a second long trade from the fibbonacci 0.618 region of the last wave with the 2-618 formation.