Mushifar

Algo breaking out

Long
Mushifar Updated   
BINANCE:ALGOUSDT   Algorand / TetherUS
ALGO just broke out of a 160 days range with good volume. There is some news related to a deal with FIFA ( i don't know exactly, you can search on google ) that is behind this volume and pump. I have placed some bids at the S/R flip at 0.42. invalidation is to get accepåtence back into the range, then I would consider this as deviation and look for shorts.
Trade closed: stop reached:
I closed as we lost the key support

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