Quick follow up to the ATH idea for ALGO from the other day.
I've projected the last 3 or four 4 pullbacks on the trend, and we can see a clear cluster forming between .95 and 1.10 (which comes naturally as this is the psychological barrier of 1$), after that the next target would be in the area of ~1.45.
The way I would trade those levels (since I already have a bag) is by letting them be confirmed as support and afterwards using them as SL for my holdings to get some peace of mind.
I've projected the last 3 or four 4 pullbacks on the trend, and we can see a clear cluster forming between .95 and 1.10 (which comes naturally as this is the psychological barrier of 1$), after that the next target would be in the area of ~1.45.
The way I would trade those levels (since I already have a bag) is by letting them be confirmed as support and afterwards using them as SL for my holdings to get some peace of mind.
