Trade Idea: ALGO LONG
Opened 2025-09-26 11:13:05 · Valid until 2025-09-27 11:13:05 · Closed 2025-09-26 13:51:01 · Triggered 2025-09-26 11:40:04
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 2.00 Conf 75% Scalp hours
Entry 0.20200000
Stop 0.19800000
TP
0.20500000 / 0.20700000 / 0.21000000
Live 0.18215700
ROI
-9.82%
(vs entry)
Thesis and checks
The current analysis of Algorand (ALGO) indicates a potential long scalp opportunity based on recent price action and technical indicators.
- 5m Chart: A bullish divergence is forming as the price makes lower lows while the RSI shows higher lows, suggesting a reversal may be imminent.
- 15m Chart: The price has recently bounced off a key support level around $0.200, which aligns with the 50-period moving average, indicating a potential upward movement.
Trade ideas are educational. Manage risk and position size.