Algorand (ALGO): Looking For Rejection From Resistance!

2024年6月27日

Algorand is looking sweet, trading just below the local resistance zone, trying to breakout from it.

We are looking for any signs of weakness to kick in near this zone in order to take a potential trade towards the support line in the lower zones!

Swallow Team

2024年6月28日

ノート

Algorand has been trying to break from the local resistance zone, where each candle opening and closing price is just at the resistance zone.

This kind of movement from candles reminds us of "calming before the storm.".

As soon as we see any signs of a weak candle, we will be looking for it!