$ALGO TRADE SETUP – BOUNCE OR BREAKDOWN? READ THIS!

I’m looking at $ALGO right now—it’s sitting at a key level after a big short liquidation. This could be a serious setup for a bounce if momentum shifts.

Current Price: $0.1896

24H Price Change: -3.2%

Recent Liquidation: $1.45K in shorts got wiped out—this could signal strength coming in.

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TIP 1: When shorts get liquidated, look for bullish reversal candles or volume surges.

TIP 2: Don’t FOMO—let the price come to your zone.

TIP 3: Set multiple TPs and move your stop-loss as price climbs.

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📉 WHAT JUST HAPPENED?

ALGO liquidated a chunk of shorts at $0.1896—a sign that bears might be getting too confident. When shorts get squeezed, we often see rapid upside movement.

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📍 BUY ZONE:

$0.1850 – $0.1920 — This is where price has previously bounced. A sweet risk/reward range with lots of eyes watching.

🎯 TARGET PRICES:

TP1: $0.2050

TP2: $0.2180

TP3: $0.2320 (big breakout zone)

🛑 STOP-LOSS:

$0.1790 — Just under the local low and support. Keep it tight and smart.

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⚔️ KEY SUPPORT LEVELS:

$0.1850 (bounce zone)

$0.1790 (last key support before macro breakdown)

🔼 KEY RESISTANCE LEVELS:

$0.2040

$0.2180

$0.2330

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📈 Market Feeling: Neutral-to-bullish — ALGO’s been quiet, but this short liquidation could be the spark for a momentum shift. If bulls take control, we could see a clean move up.

Low-key volume and compressed price = breakout potential. Watch closely!

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I’m loading my charts with alerts. This could be a silent killer trade.

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