🚨 ALGO/USDT Chart – High Conviction Breakout Play
ALGO just broke out of a long-term downtrend on the weekly timeframe. The descending trendline is history. Now? We're getting a clean retest of the breakout zone — exactly what smart money waits for.
🔹 Entry: 0.2688
🔹 Stop Loss: 0.2213 (below demand zone)
🔹 Target: 0.6070
🔹 Risk-Reward: ~7.5R 💰
The previous resistance is flipping into solid support. If buyers hold this level, the upside potential is huge. No indicators, no guessing — just structure, breakout, and retest. Classic.
🚀 Price is compressing, breakout volume was strong, and the setup is clean. #ETHCorporateReserves #BinanceHODLerTree #DELABSBinanceTGE
Risk wisely, reward patiently.
$ALGO