ALGO FUTURES 1H - INTRADAY TRADE IDEA
ALGO looks to be maxing out on it's bounce @ .5 fib, right around EMA 50 on the hourly.
This area marks previous support, if it turns resistance expect a correction down. This is also right around the down trend line. If we don't see a big price move upwards from here that's trouble short term.
Watch how it breaks from this point and move accordingly. Volume has been low on the pump, meaning it's likely not a consolidated action across the market and is instead the usual weekend market foolery.
Tp's on fib.
If it does break up, aim to short at the next fib levels instead for more gains, .786 as this is the next EMA level as well.. If resistance doesn't hold at these levels, don't short it. Simple and easy right?
--
I'm a guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you.
If you like my analysis, then leave a like and feel free to follow for more free content. If you don't like it, then leave like but do it with anger; I'll be able to tell the difference. Feedback, criticism and crude humor are welcome 🤙😁
This area marks previous support, if it turns resistance expect a correction down. This is also right around the down trend line. If we don't see a big price move upwards from here that's trouble short term.
Watch how it breaks from this point and move accordingly. Volume has been low on the pump, meaning it's likely not a consolidated action across the market and is instead the usual weekend market foolery.
Tp's on fib.
If it does break up, aim to short at the next fib levels instead for more gains, .786 as this is the next EMA level as well.. If resistance doesn't hold at these levels, don't short it. Simple and easy right?
--
I'm a guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you.
If you like my analysis, then leave a like and feel free to follow for more free content. If you don't like it, then leave like but do it with anger; I'll be able to tell the difference. Feedback, criticism and crude humor are welcome 🤙😁
Come hang out with me on telegram, it's free and I won't be too mean too mean to you:
t.me/KadnimCrypto
t.me/KadnimCrypto
