Trade Idea: ALGO LONG
Opened 2025-09-25 10:31:43 · Valid until 2025-09-26 10:31:43 · Closed 2025-09-25 16:53:01 · Triggered 2025-09-25 13:31:01
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 1.75 Conf 75% Scalp hours
Entry 0.20900000
Stop 0.20500000
TP
0.21200000 / 0.21500000 / 0.21800000
Live 0.18182200
ROI
-13.00%
(vs entry)
Thesis and checks
The current price of Algorand (ALGO) shows potential for a short-term upward movement based on recent technical analysis.
- 5m chart indicates a bullish divergence with RSI suggesting a reversal from the recent downtrend.
- 15m chart shows a support level around $0.205, which aligns with the stop-loss, providing a favorable risk-reward ratio.
Trade ideas are educational. Manage risk and position size.