🚀$ALGO /USDT Analysis – Bullish Breakout Eyes Next Resistance! 🚀
Current Price: $0.1906
Timeframe: 1D & 1H
📈 Daily Chart Insights (1D):📊
$ALGO is showing strong bullish momentum, closing above the 20 EMA (~$0.1810) and testing the 50 EMA resistance at $0.1910.
RSI has turned positive, now at 55.56, suggesting a shift from accumulation to bullish continuation.
Next resistance lies at $0.2054 (200 EMA). A daily close above this can open doors to $0.2201.
📊 1-Hour Momentum (1H):
Strong upward movement above all key EMAs (20/50/100/200).
RSI is in overbought territory at 73.24, indicating strong momentum — but a short-term pullback is possible before continuation.
Ideal buy zone on retracement: $0.1840–$0.1865
Breakout continuation trigger: 1H close above $0.1920
💡 Trade Plan (Short-Term Bulls):💥
Entry (Dip Buy): $0.1840–$0.1865
TP1: $0.1910 ✅
TP2: $0.2050 🟡
SL: Below $0.1800 🚫
Trade Duration: 2–4 days
📌 Why Bullish🤔🔥
Daily breakout from consolidation range
Strong bullish structure in lower TFs (1H)
RSI reversal confirms renewed buying pressure
Price reclaiming EMAs = trend reversal setup
🧠 Let $ALGO cool slightly before jumping in. Patience near key EMAs often gives better R:R setups. Volume confirmation on breakout above $0.1910 is critical.
📉 This is not financial advice. Do your own research before investing.