ALGOUSDT The reason behind our entry zone is that the overall trend is bullish, while on the lower timeframe we’re seeing a corrective move. The final bearish leg has formed a clear wedge, so we can expect a potential start of the next upward move.Keep in mind that this is a limit set up. It’s better to let price come into our entry zone — meaning we want to see a little more downside and a deeper correction before entering.
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This is just our market view, not financial advice.
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Dara Golbon
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Dara Golbon
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.