$ALGO - Accumulation Zone Activated! 💧
$ALGO tests $0.2502 daily support (-4.54%) while volume MA(5) (561K) surges. Layer 1 token forms higher lows on micro timeframe – bullish reversal pattern emerging.
Trade Setup – Long Opportunity
Entry Zone: $0.2505 – $0.2525 (bounce zone)
Stop Loss: Below $0.2480 (swing low)
TP1: $0.2600 (fair value gap)
TP2: $0.2700 (volume node)
TP3: $0.2800 (24h high sweep)
Market Insight
Volume Surge: 21.06M USDT traded – 40% above monthly average.
Catalyst: Break above $0.2580 confirms bullish structure shift.