$ALGO Long Liquidation Alert
Price: $0.08602
Support:
• $0.08500
• $0.08350
• $0.08150
Resistance:
• $0.08750
• $0.08950
• $0.09200
Next Target: If $0.08500 breaks, $ALGO could decline toward the $0.08350–$0.08150 support zone.
Analysis:
A $9.8307K long liquidation indicates bullish positions were forced to close as selling pressure increased. Continued weakness below support may reinforce short-term bearish momentum.
Trading Plan:
Watch the $0.08500 support level. A confirmed breakdown may signal further downside, while a recovery above $0.08750 could indicate buyers are regaining momentum.
Risk: Medium
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