ALGO.USD bounced EXACTLY where expected but correction NOT done?

AlgoRand bounced EXACTLY where expected (see idea link below).
But the bounce looks and measures "corrective" more so than "Impulsive".
Plotted are two scenarios for the correction to continue to new local lows.

Hopefully I am WRONG and we see a sudden surge like Algo does.
One good sign is Algo moving somewhat independently of Bitcoin.
But short of a surprise buying spree out of USA today, this plot holds.

0.2750 is the KEY support right now, making one path more likely.
IF we break below that, expect a rapid drop for "wave 3 of C".
If we HOLD and bounce, be wary of the .297x area for Bull Trap.

Pardon the cluttered chart, wanted to post notes at each important zone.
If already in a long (like I am), trailing stops below last fib is a good idea here.
If not long, this is NOT a good place to enter, too much risk with small reward.

Here is the plot that scored the bounce (nice profits) for us:

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Dripped through the immediate support, but NO signs of a rapid wave 3 down yet

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So here we are at the alternative target for wave B

Crucial moment for this asset

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Zoomed IN we see exact reactions to the two zone boundaries

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Hmm, passed the extended target by a wee bit and pulling back

But I must admit this is far more bullish (or less bearish) than I expected.

Taking a closer look, looks like the Green 5.618 was the key, not the 5.236 as originally plotted

Zooming OUT, and based on above observations, I have adjusted resistance zone, and plotted a NEW support zone

So right now we should wait to see if .2781/87 is hit, and what the reaction is.

In summary:
- More bullish than I thought.
- ABC's still look valid, at least no ruled out.
- Couple of new zones to keep on chart going forward.

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Looking at the pullback, it is OUT of sync with the Green Fib

that fib was pushing UP, and is a bad sign that it is no longer in control.

so plotting a Fib of the drop (in Red)

There are two zones of interest below, at .2688 and .2648/62.
BUT, the Green Fib could still regain sync, if it bounces at .2287

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No re-sync on Green Fib yet

Next chance at .2748/50
But I think we are headed to lower targets at green arrows.

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Coming up on Critical Test of the Green Fib at .2688 as mentioned above

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PING

decent bounce off the second target.
Lets see if it has any legs ....

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Needs to get past .2747/58 or will get one more leg down

(which I anticipate actually)

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