$ALGO /USDT Trade Setup

Market Insight:

$ALGO is up +23.01% in the last 24h, signaling strong bullish momentum with rising volume. Price surged from a low of 0.2197 to a high of 0.2747, showing buyer dominance. Current price is $0.2716 with sustained volume support (244.67M ALGO, 62.12M USDT), suggesting continuation potential.

Entry Zone:

🔹 $0.2640 – $0.2710 (ideal retracement zone before next leg up)

Targets:

🎯 Target 1: $0.2775

🎯 Target 2: $0.2860

🎯 Target 3: $0.2980

Stop Loss:

🛑 $0.2500 (below current SAR at 0.2541 and key support zone)

Key Levels:

Resistance: $0.2747 / $0.2779 / $0.2860

Support: $0.2504 / $0.2367 / $0.2230

Pivot Point: $0.2640

Pro Tip:

Wait for a slight pullback toward the $0.2640–0.2670 area with strong candle confirmation on lower timeframes (15m/1h). Given the bullish volume and breakout structure, scaling in near the entry zone increases reward-to-risk while protecting against fakeouts. Avoid entering near resistance.

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