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Is $ALGO about to pull a fast one on the bears?
Price action is looking interesting after that dip to $0.101. We just printed a solid green daily candle and reached $0.1084, showing there’s still some life in this trend.
If you look at the recent structure, we’ve got local resistance sitting right around $0.115. We need to clear that with some decent volume if we want to talk about testing the $0.127 high again.
The good news is we’ve established a higher low compared to that $0.079 bottom from last month. As long as we stay above $0.100, the bias stays slightly bullish for me.
Are you betting on a breakout here or do you think we are rejection at the next level?
#Gate13thAnniversaryLive