Trade Idea: ALGO SHORT

Opened 2026-05-06 05:49:35 · Valid until 2026-05-07 05:49:35 · Triggered 2026-05-06 05:50:04 · Closed 2026-05-06 06:57:01

How this works. Pending means price has not hit entry. Live means entry was hit and the trade is active until TP or SL or expiry. Closed means TP or SL hit, or expired. Times are UTC. Educational use only.

SHORT CLOSED RR 1.50 Conf 75% Scalp 30-60 minutes

Entry

0.11900000

Stop

0.12000000

Targets

0.11750000 / 0.11650000 / 0.11550000

Live price

0.09055000

Live ROI

23.91% vs entry

Idea ID

#11163

Now Entry Stop TP

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Thesis and checks

Immediate short scalp opportunity on ALGO due to bearish momentum on short timeframes.

Confluence 1: 1m and 5m charts show a lower high formation near $0.1190, indicating short-term resistance.
Confluence 2: 15m chart confirms a bearish engulfing candle and downward pressure aligning with the current 24h negative change (-1.1%).
Stop loss placed just above recent minor resistance at $0.1200 to limit risk.
Targets set at logical support zones below current price for quick profit taking.

Trade ideas are educational. Manage risk and position size.