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Trade Idea: ALGO LONG

Opened 2025-09-26 14:29:08 · Valid until 2025-09-27 14:29:08 · Closed 2025-09-26 17:07:01 · Triggered 2025-09-26 16:15:03
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 0.20600000
Stop 0.20200000
TP 0.20800000 / 0.21000000 / 0.21200000
Live 0.18187000
ROI -11.71% (vs entry)

Thesis and checks

Considering the current price action of Algorand (ALGO), a long scalp trade is recommended based on the following analysis:

  • On the 5m chart, a bullish divergence is forming with the RSI indicating potential upward momentum.
  • The 15m chart shows a recent bounce off a key support level at $0.202, which aligns with the previous price action and suggests a reversal.

Trade ideas are educational. Manage risk and position size.