We have our Algorand breakout! Now what?

Mar 29, 2023

Traders,

Algo has broken the triangle definitively. But I hesitate to enter for several reasons:

1. That 50 day coming down hard

2. Still not above .227 cents level

3. Need at least one confirmation candle on the daily above .227 and preferably above the 50 day ma.

4. Still expect BTC to draw back more.

5. Headed OOO for the next week and a half and I don't want to be tracking trades during this period if I don't have to.

I wouldn't blame anyone who follows me to want to enter here. I am just not. Yet.

Stew

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