$ALGO Long Liquidation Alert
Price: $0.0861
Support:
• $0.0850
• $0.0835
• $0.0815
Resistance:
• $0.0875
• $0.0895
• $0.0920
Next Target: If $0.0850 breaks, $ALGO could decline toward the $0.0835–$0.0815 support zone.
Analysis:
A $2.2691K 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 $0.0850 support level. A confirmed breakdown may signal further downside, while a recovery above $0.0875 could indicate buyers are regaining momentum.
Risk: Medium
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