Short Squeeze on $ALGO !
A $51.9K short position was liquidated at $0.398, signaling a strong rally for #ALGO .
The momentum is shifting, and buyers are taking charge.
•√• What’s Next for $ALGO ?
• Resistance Level: $0.405 – Breaking above this could open the door to further gains toward $0.420.
• Support Zone: $0.390 – This area is critical for bulls to maintain control; a dip below could trigger a retracement.
•√• Strategy Suggestion:
• For Longs: Wait for a pullback to $0.390-$0.395 or confirmation above $0.405 before entering.
• For Shorts: Risk is high—consider waiting for a reversal at resistance or a loss of momentum.
Keep an eye on price action and trade wisely!
#CryptoSignals #ALGO #ThanksgivingBTCMoves #BinanceBNSOLPYTH