Th57Trader

ALGO Bearish Flag 🚩?🚩?🚩?🚩

Th57Trader Updated   
BINANCE:ALGOUSDT   Algorand / TetherUS
Hi dear traders
As you saw in previous analysis we take profit πŸ“ˆ.
The price has formed a bearish flag.
If it loses the 0.26 support on the daily time frame, I expect the price to drop down to the 0.2444 and 0.2306 area.
Wait for a pullback to the 0.271 area to enter.
This area should be tested as resistance and the pattern confirmed.
Waiting βœ‹ for confirmation.
Let's see what happens
This is not financial advice ( DYOR )
Good luck
Comment:
Price loses the 0.26 support area.
We can open short position now or wait for pullback completed to entery.
🎯0.25
🎯0.2444
🎯0.24
🎯0.2345
🎯0.2306
Stoploos above 0.28
Comment:
In LTF we can see bullish divergence, so it's better wait for pullback completed.
Comment:
Tp1 hit 🎯
Comment:
Tp2 hit 🎯
Comment:
Tp3 hit 🎯
Comment:
Tp4 hit 🎯
Comment:
Tp5 hit 🎯
Trade closed: target reached:
Full Target
Good luck πŸ€—
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