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Trade Idea: ALGO LONG

Opened 2025-09-06 23:08:41 · Valid until 2025-09-13 23:08:41 · Closed 2025-09-10 13:21:09 · Triggered 2025-09-07 05:10:45
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 1.50 Conf 75% Swing 3-5 days
Entry 0.23000000
Stop 0.22000000
TP 0.24000000 / 0.25000000 / 0.26000000
Live 0.18187000
ROI -20.93% (vs entry)

Thesis and checks

Current market conditions for Algorand (ALGO) show a slight downward movement over the last 24 hours, but the price is approaching a potential support level around $0.220. This could provide a buying opportunity for a swing trade.

  • The RSI is currently at 35, indicating that ALGO is nearing oversold conditions, which may lead to a price reversal.
  • The MACD has shown a bullish crossover recently, suggesting a potential upward momentum in the near term.

Trade ideas are educational. Manage risk and position size.