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Trade Idea: ALGO LONG

Opened 2025-09-24 07:31:58 · Valid until 2025-09-25 07:31:58 · Closed 2025-09-24 23:05:10 · Triggered 2025-09-24 11:17:01
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.
LONG CLOSED RR 1.60 Conf 75% Scalp hours
Entry 0.21650000
Stop 0.21300000
TP 0.21850000 / 0.22000000 / 0.22200000
Live 0.18215700
ROI -15.86% (vs entry)

Thesis and checks

The current analysis of Algorand (ALGO) suggests a potential long scalp opportunity.

  • On the 5m chart, a bullish divergence is forming with the RSI indicating a potential reversal.
  • The 15m chart shows a recent support level around $0.2130, which aligns with the stop-loss placement.

Trade ideas are educational. Manage risk and position size.