Hi
I entered a trade today and bought ALGO. The price broke from a triangle pattern but within 5 mins of entering the trade the price began to fall. Did I enter the trade too early after breakout ? I have added the chart below:
I entered a trade today and bought ALGO. The price broke from a triangle pattern but within 5 mins of entering the trade the price began to fall. Did I enter the trade too early after breakout ? I have added the chart below:
Just like what others here said the page doesn't exist mate. The only thing you could do for now is to hold em or wait, very simple if you don't wanna lose your capital. The only problem is We don't know when this ALGO bounce it's price again in the market. Since they are volatile, we should aware of that anyway.
I don't have ALGO, but I think the coin is still a newcomer in the crypto market, and it will need more time to increase so that you can hold it for some time. But if in this month or next month, the coin price can increase so high, you can sell it to make a profit. But don't be greedy to expect a bigger profit because if the price can not moves to another high price, you will need to hold for longer.
From that image, I think the movements of the coin is not so fast, but it's risky to follow the movements, and maybe holding the coin will be the good solution to prevent from the losses.