$ALGO /USDC BEARISH SETUP – TECHNICAL ANALYSIS
The $ALGO/USDC pair is under bearish pressure after rejection near 0.1192. SAR and W%R indicate strong downward momentum, while price remains below key moving averages, signaling further downside risk. Short-term trend favors continued selling toward critical support levels.
Short Entry: 0.1140 – 0.1145
Target 1 (TP1): 0.1120
Target 2 (TP2): 0.1115
Stop Loss (SL): 0.1185
Risk Management: Maintain conservative position sizing, use trailing stop loss to protect profits, avoid overexposure during high volatility.
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ALGOUSDT
Perp
0.122
+0.08%