CryptoStation

👑Algorand (ALGO) May-26 #ALGO $ALGO

Long
BINANCE:ALGOUSDT   Algorand / TetherUS
ALGO is trying to conquer the 1$ zone and the selling volume is decreasing so it could do it easily and keep moving up to 1.3$ and 2$ zone in June. But if it fails at this zone, it will come back to 0.7$ zone again

📈BUY
-Buy: 0.975-1.025$. SL if B

📉SELL
-Sell: 1.27-1.33$. SL if A
-Sell: 1.9-2$. SL if A

♻️BACK-UP
-Sell: 0.975-1.025$ if B. SL if A
-Buy: 0.68-0.72$. SL if B

❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
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