Trade Idea: ALGO LONG
Opened 2026-03-02 01:17:01 · Valid until 2026-03-03 01:17:01 · Triggered 2026-03-02 01:18:02 · Closed 2026-03-02 03:06:02
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 1.80
Conf 75%
Scalp
hours
Entry
0.08730000
Stop
0.08600000
Targets
0.08850000 / 0.08950000 / 0.09030000
Live price
0.08516100
Live ROI
-2.45%
vs entry
Idea ID
#8480
Now
Entry
Stop
TP
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Thesis and checks
Algorand (ALGO) shows a favorable setup for a short-term long scalp based on multi-timeframe analysis:
- 5-minute chart: Price recently bounced off a key support near 0.0865 with bullish engulfing candle, indicating short-term buying pressure.
- 15-minute chart: RSI is rising from oversold levels and MACD shows a bullish crossover, supporting upward momentum.
- 1-hour chart: Price is above the 20 EMA and approaching resistance around 0.0895, which serves as a realistic target.
- The 24h change is slightly positive (+0.29%), reinforcing mild bullish bias.
- Risk-reward ratio is 1.8 with stop just below recent support, making this a high-probability scalp within hours.
Trade ideas are educational. Manage risk and position size.