$ALGO in accumulation zone: Patience is gold ๐Ÿœ๐Ÿ“‰๐Ÿ“ˆ

Analyzing the 15-minute chart of Algorand ($ALGO ) at this time, we see a clear lateral movement. After yesterday's drop, the price is compressing in a very narrow range between $0.0806 (support) and $0.0812 (resistance).

๐Ÿ’ก The technical:

Support Defense: The most positive thing is that $0.0800 is acting as a strong wall of buyers. The price has not wanted to break down despite the pressure from the general market.

Bollinger Bands Squeeze: The Bollinger Bands are tightening significantly at the bottom. Historically, after such a strong "squeeze," a volatile movement follows.

Like disciplined ants, we do not chase the price. We patiently wait for this range to break to confirm the next movement. Meanwhile, my capital in Spot remains intact and my 2.00 $USDC shielded. ๐Ÿ›ก๏ธโ˜•๏ธ

What do you see in the chart, a bounce or a new drop? Iโ€™m reading you! ๐Ÿ‘‡

#ALGO #trading #BinanceSquare #HormigaMaestra #CryptoAnalysis