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Trade Idea: ALGO SHORT

Opened 2025-09-26 01:31:57 · Valid until 2025-09-27 01:31:57 · Closed 2025-09-26 07:39:01 · Triggered 2025-09-26 03:41:01
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 CLOSED RR 2.50 Conf 75% Scalp hours
Entry 0.20500000
Stop 0.20800000
TP 0.20300000 / 0.20200000 / 0.20000000
Live 0.18216200
ROI 11.14% (vs entry)

Thesis and checks

The current price of ALGO shows a bearish trend with a recent 24h change of -2.7002%. Analyzing the 5m, 15m, and 1h charts reveals confluence for a short position.

  • On the 5m chart, there is a clear resistance level at $0.208, which aligns with the recent price action.
  • The 15m chart shows a bearish divergence, indicating potential downward momentum.

Trade ideas are educational. Manage risk and position size.