Trade Idea: ALGO SHORT

Opened 2025-09-26 11:15:09 · Valid until 2025-09-27 11:15:09 · Closed 2025-09-26 13:53:01

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 PENDING RR 2.20 Conf 75% Scalp hours

Entry 0.20081200

Stop 0.20300000

TP 0.19800000 / 0.19600000 / 0.19400000

Live 0.18182200

ROI 9.46% (vs entry)

Thesis and checks

Current market conditions indicate a potential short opportunity for Algorand (ALGO). The following analysis supports this trade:

5m Chart: A bearish engulfing pattern has formed, suggesting a strong selling pressure.
1h Chart: The price is approaching a resistance level at $0.203, which aligns with a recent high, providing a solid stop-loss point.

Trade ideas are educational. Manage risk and position size.