ALGO is punching above its 20‑day average, trading near the top of its recent range with volume ticking up. The token sits just under the 1.12 resistance, a level that has rebounded twice this week.
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$ALGO LONG 📈
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📍 Entry Range: $0.092457 – $0.092643
🛑 Stop Loss: $0.089773 (-3.0%)
🎯 TP1: $0.093938 (+1.5%)
🏆 TP2: $0.097177 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 64%
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A change of character broke the bullish swing, and the CVD turned positive, confirming the move. The fair value gap lines up with a fresh order block, while a liquidity sweep cleared the nearest ask, creating a point of interest where the OB and FVG overlap. All the confluence points line up for a clean long entry.
A 3.0% stop is relatively tight on a volatile pair, so keep leverage at or below 3× to stay within risk parameters.
Take half profit near the first resistance around 1.18 as the price approaches that zone.
DYOR — this isn't financial advice, size your risk accordingly 🙏
$ALGO #ALGOUSDT #US10YearTreasuryYieldHitsHighestSinceNov2023 #TradingSignals #Write2Earn