Long trade setup Analysis on ALGOUSDT using Price action

Long trade setup building on ALGOUSDT Analysis using Price action:

On chart we can see multiple ascending triangles on 30m,15m. price broken above of the rising wedge of 60m, the price is making a swing low within the 'D' timeframe Channels (Red channel line 'D' ). The overall bias has changed to Bullish . Formation of swing low may lead to short term bullish trend.


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