#ALGO HOLDING STRONGLY AT THIS KEY LEVEL: WHAT'S NEXT?
If you're looking for an in-depth analysis of ALGO, then, you're in the right place.
Here's why.
ALGO has been trading closely to the lows of 2020 and it hasn't cut this critical level of support yet. Many traders have found this as a great opportunity for long positions just like us. Since we aren't easily anxious by the fact that it could breakdown at anytime. Instead, we are more than happy that this fear level of ALGO is present. At these zones, ALGO have the highest tendency to hold since these are its monthly lows. The more it holds these key levels, the likelihood of benefiting from long positions may it be market or limit entries will be greater.
Stay wise, trade cautiously.
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