🤑🔥 $ALGO /USDT – Bearish Grind Continues, but Holding the Line ⚙️
$ALGO is trading at $0.1660, down –2.81%, after defending the $0.1650 support again.
Price remains under pressure below the mid-Bollinger Band, and the trend is clearly downward — but a small bounce setup may be forming.
🔻 Consistent lower highs and lower lows
🟣 Support zone tested twice at $0.1650 — key level to watch
🟡 Bollinger Bands showing mild squeeze = possible short-term move
🎯 Bounce Trade Setup (Short-Term Play)
🔹 Entry Zone: $0.1655 – $0.1665
🎯 TP1: $0.1688 – Mid-Bollinger
🎯 TP2: $0.1724 – Upper Bollinger Band
🎯 TP3: $0.1750 – Previous structure
🛑 Stop Loss: $0.1639