【$ALGO Signal】Short position, wait for selling pressure to exhaust

$ALGO is experiencing a volume-driven decline. Combined with open interest data, it is necessary to observe whether this is panic selling triggered by long liquidation. The current price action clearly shows a seller-dominated trend, with no effective buying absorption.

🎯 Direction: Short position

Wait for the price to show clear signs of a reversal (such as long lower shadows, decreasing volume, buy absorption) in the key support zone (e.g., 0.105-0.107) or a volume breakout above the descending trendline before considering a bullish structure. Currently, there is no clear margin for long or short positions; the best strategy is to hold and observe.

Trade 👇 $ALGO
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