$ALGO / USDT – Showing Bullish Intent! 🔥
$ALGO is currently trading at $0.2309, showing a gain of +3.08%. The 4-hour chart indicates a steady climb with consistent green candles, suggesting increasing buying pressure. It's approaching the recent high.
Potential Trade Setup:
Entry: Consider potential entries around the current level or on slight pullbacks towards $0.230, looking for support to hold.
Target 1: $0.2315 (24-hour high)
Target 2: $0.235
Final Target: $0.238+ (testing previous highs)
Stop Loss: Place a stop-loss below recent swing lows, perhaps around $0.228, to manage risk.
Key Observation: The consistent upward movement and increasing volume suggest sustained bullish interest. Watch if $0.2315 can be broken decisively for further upside.
Remember to conduct your own thorough analysis before making any trading decisions. Have a great Monday afternoon here in Multan!
