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Is this ALGO Short Trade Finally Gonna Pay Me?

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@scaredycatguide
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I shorted the moonshot on ALGO a week ago. At that point it's price had blasted through prior highs and was super stretched from the 10 day moving average and it had put in a big candle with a large enough upper wick.

My bet was that a pullback to test the prior high as support and converge with the 10 day MA was in order.

Except, the mother lover wouldn't break down, it just teased me looking like it was gonna crack.

I did take 1/3 of the position off to book some small profits at an avg price of 1.96. My entry price is 2.16 (marked by the blue arrow) and I am letting the rest still ride with my buy cover order at 1.72 still sitting out there at that prior resistance line.

That would cover half my existing position as I have another order at 1.25 in case we get a crypto sell off and it gives back the whole move. I may adjust that though.

You can do it!!!!

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