$ALGO /USDT Trade Setup

Current Overview:

Price: 0.2237 (-2.19% change)

24h High: 0.2305

24h Low: 0.2184

Volume: 5.16M USDT

MA60: 0.2226 (slightly neutral)

Bullish Scenario:

The price has pulled back slightly, but there is a potential for a reversal if it holds support near MA60 (0.2226) and starts to rise again.

Entry Zone: 0.2226 - 0.2230 (support near MA60 or a slight dip)

Stop Loss: 0.2200 (below recent low and MA support)

Target Levels:

TP1: 0.2250 (psychological level)

TP2: 0.2300 (previous high)

TP3: 0.2350 (next potential resistance)

Bearish Scenario:

If the price breaks below the MA60 (0.2226) and fails to recover, it could lead to further downward movement.

Entry Zone: 0.2230 - 0.2220 (on weakness below MA60)

Stop Loss: 0.2245 (above recent resistance)

Target Levels:

TP1: 0.2184 (previous low)

TP2: 0.2150 (stronger support zone)

Key Levels to Watch:

Summary:

Above 0.2226 = Bullish, targeting 0.2250 - 0.2300

Below 0.2220 = Bearish, targeting 0.2184 - 0.2150

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