It was mentioned in the last issue that if ALGO can rebound from support near 0.157 to form a double bottom, we will be bullish. It is currently in line with expectations.
Is the bull position now fully confirmed? Refer to the 0.17 pressure level on the four-hour line. If it can stand firm, the bulls will confirm it.
After standing firm, the daily line will first look at 0.19, and after it breaks through, look at the line near 0.225.
The market may change at any time, and strategies need to be tracked and modified in real time.
