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Trade Idea: ALGO SHORT

Opened 2025-09-25 09:31:51 · Valid until 2025-09-26 09:31:51 · Closed 2025-09-25 13:27:01 · Triggered 2025-09-25 11:48:02
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 CLOSED RR 2.00 Conf 75% Scalp hours
Entry 0.20600000
Stop 0.21000000
TP 0.20400000 / 0.20200000 / 0.20000000
Live 0.18215800
ROI 11.57% (vs entry)

Thesis and checks

Based on the current market conditions for Algorand (ALGO), a short scalp trade is recommended.

  • The 5m chart shows a bearish divergence with decreasing volume, indicating potential weakness in the price.
  • The 15m chart has formed a resistance level around $0.210, which aligns with the recent price action and provides a solid stop-loss placement.

Trade ideas are educational. Manage risk and position size.