$ALGO /USDT Long Trade – Bulls Back in Action
ALGO is showing a strong breakout from its recent consolidation zone. After holding the $0.2740 support level, the price bounced sharply with rising volume and is now testing the $0.30 resistance. Momentum looks solid, and buyers are stepping in again.
Trade Setup
Entry Zone: $0.2940 – $0.2975
Stop Loss: Below $0.2860
Target 1: $0.3030
Target 2: $0.3100
Why This Trade Works
ALGO broke above previous resistance with strong candles, confirming bullish momentum. The trend is upward with higher lows, and volume supports this move. Risk is limited with a tight stop below support, while the upside potential gives favorable reward-to-risk.
