ALGOUSDT – Bearish Rejection at 0.0910 Supply, Eyes on 0.0800
ALGO pushed into the 0.0910 supply zone, tagged the liquidity point, and is now cooling off with sellers stepping in.
Why This Level Matters:
Price reacted cleanly from the 0.0910 supply after tapping the upper liquidity. A smaller neckline zone has now formed at 0.0870, and that level holds the trigger for the next leg down.
Gameplan / Primary Scenario:
We wait for the 0.0870 neckline to break. A confirmed break flips the trend and opens the short, targeting the 0.0800 demand zone below. No entry before that break — the neckline is the green light.
If this added value, boost it forward. What are your thoughts?
Swallow Academy