💥 Algorand Set for a Bounce? The Chart Says Yes! 👈

🕓 Released: 2025-08-26 — 04:42 UTC

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📈 SPOT OPPORTUNITY — Bullish Reversal

🔎 Confidence Level: 92%

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📍 Pair: ALGO/USDT (Spot)

🕒 Timeframe: 8h

✨ Entry Zone: $0.2450 – $0.2520

🟢 Trade Rationale:

• Price is consolidating near a strong support zone after a recent drop.

• The chart shows a potential double-bottom pattern, hinting at a reversal.

• A positive divergence is forming on the RSI, indicating weakening bearish momentum.

🎯 Profit Levels:

• TP1: $0.2580

• TP2: $0.2640

• TP3: $0.2720

❌ Stop Loss: $0.2390

🔐 Validity: Active for the next 24h

⚠️ DYOR — Not financial advice

👉 Spot traders, find your opportunity — $ALGO 👈

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💣 FUTURES STRATEGY — LONG Bias

🔎 Confidence Level: 95%

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📍 Pair: ALGO/USDT (Futures)

🕒 Timeframe: 8h

📈 Long Trigger: Above $0.2530

📉 Short Trigger: Below $0.2450

📦 EMA Position:

• EMA(7): $0.2550

• EMA(25): $0.2620

• EMA(99): $0.2700

→ Price is trading below all key EMAs, indicating a bearish trend.

📊 Volume Analysis: Buy-side volume is starting to increase at the support level.

🧨 Suggested Leverage: 5–10x

🎯 TP Zones:

• TP1: $0.2580

• TP2: $0.2640

• TP3: $0.2720

❌ Stop Loss: $0.2390

⚠️ Validity: Valid for the next 8h

⚠️ DYOR — Not financial advice

👉 Futures strategy focuses on continuation — $ALGO 👈

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