$ALGO /USDT – 4H Trade Setup

Market Insight: ALGO retraced sharply after testing resistance near 0.32, now consolidating just above its 4H 99MA (~0.2924). Bears pushed it as low as 0.2857, but the wick shows some demand. This could signal a short-term bounce if support holds.

Entry Zone:

💰 0.2850 – 0.2930

(Buy near lower end of support with tight risk control)

Targets:

🎯 Target 1: 0.3020

🎯 Target 2: 0.3135

🎯 Target 3: 0.3270

Stop Loss:

🛑 Below 0.2780

(Break of local structure support & invalidation of bounce setup)

Key Levels:

Support: 0.2850 / 0.2780

Resistance: 0.3020 / 0.3180 / 0.3360

MA Zones:

MA(7): 0.2915

MA(25): 0.2986

MA(99): 0.2924

Pro Tip:

Watch for a strong 4H close above 0.2985 (25MA) for bullish continuation. If price consolidates above 0.30, breakout traders may re-enter with volume confirmation.

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