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Algorand (ALGO): Seems More of a Liquidity Grab | We Wait

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Current movement on markets seems a little suspicious, where markets are dipping hard, yet for example, on ALGO, we do not see any proper signs.

We are expecting to see soon a bounce to upper zones to form another local hight from where we will be looking for a correctional movement, but for now we are just keeping our attention at 200 EMA.

Swallow Academy
Trade closed manually
snapshot
ALGO failed to form proper BOS so no trade was taken!

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