Here, we have a high-potential zone for ALGO.
The green zone represents strong support, and if the price reaches this area, we will look for buy/long positions.
The red box is a fresh order block that hasn’t been tapped yet, containing the main sell orders.
The target can be this red box.
Closing a daily candle below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Disclaimer:
The information provided here is intended for informational and educational purposes only. It does not constitute financial or investment advice. Always perform your own research before making any investment or trading decisions.