Wait for the bulls! Binance: ALGOUSD By TheSignalyst – Technische Analyze – 2022-10-24 17:04:29

Hello TradingView family / fellow traders. This is Richard, aka TheSignalyst.

daily: left graph
ALGO has been stuck in one range for a while.

For the bulls to take over from a long-term perspective, we need a breakout above the upper gray area (the upper limit of the range)

At the same time, as we approach the lower end of the range, we will be looking for buy settings on lower time frames.

H4: correct diagram
From a mid-range perspective, we’ve done it bearish Make bottom peaks and bottom peaks.

For the bulls to take over, we need to close a momentum candle above the last major high shaded green.

In the meantime, until the buy is activated, ALGO can still trade lower to the gray area where we will be looking for new buy setups.

Always follow your own trading plan in terms of entry, risk management and trade management.

Good luck and God bless you!

All strategies are good. If managed properly!
~ rich

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