1.$ALGO

If every time the downward insertion low point is getting higher and the high point is getting lower

we can expect to follow a converging triangle before breaking direction

2.$SOL

Currently following a flag pattern similar to BTC's six-month consolidation, every downward insertion closes above the channel

Pay attention to whether it can close back at 216, if it does, I will change to bullish

3.$XRP

A rapid rebound after a spike indicates a strong coin, last night I placed a support order at 1.96

The short position yielded good results, and currently it is also following a bull flag

If it can close above 2.24 (above the midline), I will also consider the outlook bullish

4.$DOGE

Like XRP, I also placed a support order at 0.366

After taking profits in the morning, I re-entered at 0.377

The stop loss is set at the support level, and only if it closes above 0.38 will I feel the probability of reversal is high

Honestly, I feel that the washout is about done, too many people are chasing longs before the announcement of interest rate cuts at the end of the year

The market makers are forcefully washing out to lighten the load

You can observe that before the US stock market closes, the ETFs are buying

But after the close, it drops

Isn't this the market makers clearing high leverage positions?

PS If you saw my instant entry post yesterday and made money, remember to follow + like it.