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Trade Idea: ALGO SHORT

Opened 2025-09-22 20:47:59 · Valid until 2025-09-23 20:47:59 · Closed 2025-09-23 06:51:01
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 2.00 Conf 75% Scalp hours
Entry 0.21000000
Stop 0.21300000
TP 0.20800000 / 0.20600000 / 0.20400000
Live 0.18182600
ROI 13.42% (vs entry)

Thesis and checks

Current analysis indicates a bearish trend for Algorand (ALGO) with significant downward momentum.

  • The 5m chart shows a recent breakdown below a key support level, indicating potential continuation of the downtrend.
  • The 15m RSI is showing overbought conditions, suggesting a reversal is likely in the near term.

Trade ideas are educational. Manage risk and position size.