MonkApe

ALGO Short Setup After a Little Correction

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OKX:ALGOUSDT.P   ALGOUSDT Perpetual Swap Contract
ALGOUSDT

We do not like to open position through the C point to D point but there is a solid increase possibility.

If you like risk you can open position by targeting the D point or near D point is more meaningful.

We use moving averages by targeting these kind of positions.

Anyway, the main position is short setup which completes at D point is also a shifter rally point.

Two side of position needs to trigger with a price action as you know.

May the force be with you.
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