ALGO.usd Launch caught EXACTLY, profits taken, now RETRACE watch

Hello friends, please hit the LIKE to motivate these publications.
Between Mod duties and my own trading, it is not easy to post.
This is part of my ongoing analysis of AlgoRand price moves.

Nice parabolic run that started precisely from a mapped support.
Topped as expected but it MAY have on more leg to run upwards.
Now in pullback mode, but is already at first possible support zone.

$ 0.4104-4125 is immediate support and POSSIBLE launch pad.
$ 0.3820-3948 is LIKELY to be hit, perhaps stop hunt under .4
$ 0.3626-3671 is the DEEPEST retrace with chance of bounce.

$ 0.5281-5351 is MAX expectable for this wave end point.
$ 0.5081-5157 is LIKELY target if we bounce right here.
$ 0.4587-4646 would be WEAK bounce with lower high.

I will post updates as price action progresses or changes.
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Previous Algo analysis (click):
.22 Retrace Target
.25 Rocket Launch
.25 Retrace Map
.29 Top Alert
.24 Bounce Call
.20 Bottom Map

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코멘트:

Moment of Truth

Just passed high of wave 3

Thus far it has been negotiating its way through the resistance zones

am fine tuning targets now, will post if any changes.

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코멘트:

Wave Analysis

Starting on the 1min with fib of last leg up

blue 4.618 at $0.4959 is first concern, wave could end there.

That line is a double fib with Green 5.236 from higher order wave

Also a possible end point.

Lets see how it goes.
good time to tighten SL's

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코멘트:

Placing SL on 50% of position just below this 2.618

the rest still with SL at BE

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코멘트:

SL onf 50% moved to $0.4769 (just below the 3.236)

50% still sitting at BE.

코멘트:

SL taken out on 50%

Moving the remaining 50% SL to jsut below the 2.618

I might buy some back if clean bounce at the 2.618.
But would need to see bitcoin holding or bouncing first.

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코멘트:

Bumped SL up a rung again

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