Trade Idea: ALGO SHORT

Opened 2026-05-02 09:13:39 · Valid until 2026-05-03 09:13:39

How this works. Pending means price has not hit entry. Live means entry was hit and the trade is active until TP or SL or expiry. Closed means TP or SL hit, or expired. Times are UTC. Educational use only.

SHORT PENDING RR 2.29 Conf 75% Scalp 15-30 minutes

Entry

0.10640000

Stop

0.10710000

Targets

0.10480000 / 0.10370000 / 0.10280000

Live price

0.10721100

Live ROI

-0.76% vs entry

Idea ID

#11143

Now Entry Stop TP

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Thesis and checks

Immediate short scalp opportunity on ALGO due to bearish momentum and price structure on lower timeframes.

Confluence 1: 1m and 5m charts show a clear downtrend with lower highs and lower lows, confirming short bias.
Confluence 2: Price recently broke below a minor support level near $0.1065, now acting as resistance, providing a good entry trigger for shorts.
Stop placed just above recent minor resistance at $0.1071 to limit risk.
Targets set at nearby support zones identified on 5m and 15m charts, allowing quick profit taking.

Trade ideas are educational. Manage risk and position size.