$ALGO
/USDT – Neutral to Bullish Momentum
$ALGO is showing neutral-to-bullish momentum, holding support around $0.252–$0.253, coinciding with the 61.8% Fibonacci retracement. Resistance is forming near $0.256–$0.257, close to the recent swing high.
📊 Fibonacci Overview:
Price has moved above the 23.6% retracement and is consolidating between the 61.8% (~$0.2536) and 78.6% ($0.2558) levels—key zones that could signal either continuation or a pullback.
📈 RSI:
Currently at 49.2, indicating a neutral position—neither overbought nor oversold—allowing potential movement in both directions.
🔹 Entry Zones:
• Safer Entry: $0.252–$0.253 (strong Fib support and consolidation)
• Aggressive Entry: $0.250 or slightly lower (dip-buying near psychological support)
🎯 Take-Profit Targets:
• TP1: $0.257–$0.258 (near immediate resistance and Fib level)
• TP2: $0.29–$0.31 (mid-term target if bullish momentum continues, aligning with head-and-shoulders breakout projection)
🛑 Stop-Loss Ideas:
• Conservative SL: Below $0.252 (just under Fib support)
• Tight SL: Below $0.250 (minimal risk if breakdown occurs)