ALGO Trading Update: Breakout Brewing or Just a Bounce? 🚀
| Coin | $ALGO |
|----------|-----------|
| Candle Time | 28 Apr 2025 – 12 h TF |
| Buy Zone | $0.223 – $0.218 |
| Current Price | $0.225 |
| Starter Size | 1 000 ALGO (example) |
| Initial Sell (TP-1) | $0.238 (+6 %) |
| Stretch Sell (TP-2) | $0.255 (+14 %) |
| Stop-Loss | $0.208 (-7 %) |
| Signal Strength | Moderate bullish bias |
---
Key Levels to Watch
| Level | What it Means |
|-------|---------------|
| $0.230 – $0.233 | 20-EMA cluster & intraday ceiling – reclaim = first punch higher |
| $0.238 – $0.240 | Recent swing-high zone – expect profit-taking here |
| $0.255 – $0.260 | Feb-Mar supply block – breakout target if volume kicks in |
| $0.208 – $0.200 | Structure invalidation – below here trend flips bearish |
---
Risk Management Cheat-Sheet
Above $0.223 ➜ bulls in control; buy dips into $0.218.
Fail at $0.238 ➜ partial profit or tighten stop.
Break & close below $0.208 ➜ exit – higher-low structure lost.
Volume spike + candle close over $0.233 ➜ momentum confirmation toward $0.25+.
---
Quick Strategy
1. Entry: Ladder bids $0.223 → $0.220 → $0.218.
2. Take-Profit: Sell 50 % at $0.238; move stop to breakeven.
3. Runner: Hold rest for $0.255 – move stop to $0.228 once $0.245 trades.
> Pro-Tip: If ALGO prints a strong 4 h close above $0.238 with rising volume, fresh buyers may chase; consider trailing a stop 3 % below each new higher low.