This is an unusual pair for us to approach with leverage, the last time we opened a LONG on ALGOUSDT was in August 2023. Market conditions are different today.
Back then, prices were trading at the bottom before the recovery, so we were predicting the trend reversal and bullish breakout. Today, the bottom pattern is already in, a rounded bottom coupled with a long-term higher low (April 2025 vs August 2024). So we are only predicting a continuation.
Needless to say, I believe the bulls have the upper-hand. The action right now is happening above the 3-Feb. low, and after more than a month of rising prices there is still no rising volume, which means that there is plenty of room available for growth.
We are doing an easy wave, easy targets. The final wave can go much higher than what is shown on this chart. Since we are not greedy, we are happy with 465% and 1,500%.
The 1,500% is a mild target and high probability.
The rest is up to you.
Thank you for reading.
Full trade-numbers below:
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LONG ALGOUSDT
Lev: 5X
Entry levels:
1) $0.2355
2) $0.2200
3) $0.2000
Targets:
1) $0.2564
2) $0.3247
3) $0.3800
4) $0.4352
5) $0.5138
6) $0.6139
7) $0.7243
8) $0.7926
9) $0.9031
Stop-loss:
Close weekly below $0.1900
Potential profits: 1502%
Capital allocation: 3%
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Namaste.