$ALGO – Bounce looks weak, buyers struggling to keep control here Trading Plan Short $ALGO Entry: 0.095 – 0.100 SL: 0.106 TP: 0.089 TP: 0.082 TP: 0.075 This push up doesn’t have the same strength as before. Price is moving higher but without real expansion, and each attempt gets sold into pretty quickly. That kind of price action usually shows supply sitting above. When a bounce lacks conviction like this, it often rolls over fast and heads back down. Trade $ALGO here 👇
$ALGO – Bounce looks weak, buyers struggling to keep control here Trading Plan Short $ALGO Entry: 0.095 – 0.100 SL: 0.106 TP: 0.089 TP: 0.082 TP: 0.075 This push up doesn’t have the same strength as before. Price is moving higher but without real expansion, and each attempt gets sold into pretty quickly. That kind of price action usually shows supply sitting above. When a bounce lacks conviction like this, it often rolls over fast and heads back down. Trade $ALGO here 👇
Clean setup — but I wouldn’t blindly trust the short just yet.
You’re right about the 4H supply around 0.45–0.46, but that 15m RSI at 32 is already leaning oversold, not ideal for fresh shorts. That’s where a lot of traders get trapped.
Here’s the real read:
If $BEAT T rejects cleanly from your zone → TP1 (0.427) is very realistic
But if price accepts above ~0.462 with volume → this short gets invalid fast
That 1.13x volume? It’s decent… but not strong enough to confirm a breakdown yet
What I’d watch instead:
Lower high formation on 5m/15m → confirms continuation
Weak bounces (low volume) → bearish
Strong push + hold above entry zone → exit early, don’t marry the trade
Answer to your debate: 👉 More likely: small fake bounce → then continuation down 👉 Less likely (but dangerous): immediate squeeze before dumping
This is one of those setups where timing > direction.