$ALGO

/USDT – STRONG RALLY BUT FACING RESISTANCE AT THE TOP

Up +7.77% with rejection at $0.2453

Buyers cooling off near key resistance

$ALGO surged from $0.2171 to $0.2453, showing a strong bullish leg. However, the recent candles suggest hesitation and possible distribution below resistance. A short-term pullback or range-bound move could follow if $0.2405 isn’t reclaimed quickly.

Short Trade Setup

Entry: $0.2386

Targets:

TP1: $0.2315

TP2: $0.2250

Stop Loss: $0.2435

Watch closely for a break below $0.2340 to confirm weakness. Bearish setup active unless bulls push a strong breakout.

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