🚀 $ALGO Reload: Riding the Trend-Line Retest 🔄
What I’m seeing right now
* Hourly & 4-hour candles just broke and closed above a three-week descending trend-line, then started the textbook pull-back.
* Volume on the breakout is the strongest since March — real demand, not a hollow wick.
* 20 EMA (4 H) has curled up to ≈ 0.223 USDT, turning from ceiling into floor.
* Bigger picture is still a weekly bear channel, so I’m treating this as a counter-trend pop with defined upside.
My game plan
1. Bid zone 0.216 – 0.221 USDT — right inside the pull-back pocket and on top of 4 H 20 EMA.
2. Hard invalidation 0.199 USDT (below 4 H 200 EMA).
3. Targets:
• First unload into recent liquidity at 0.242 – 0.245.
• Let the remainder ride toward 0.265 – 0.275 (daily 200 EMA magnet).
4. Using spot only, risking ≤ 1 % of portfolio; no need to chase leverage when the R-R is already > 2:1.
Why this setup has edge
* Breakout-retest funnels three trader groups (breakout buyers, short-coverers, trend followers) into one narrow dip, giving asymmetric reward.
* Volume confirmation filters out fake-outs that plague low-cap pumps.
* Clear line-in-the-sand SL keeps emotions out; if 0.199 prints on a 4 H close, thesis is dead — next!
Contingency
* If price skips the dip and nukes resistance at 0.242 straight away, I stand aside and hunt the next consolidation above 0.228.
* Sudden BTC volatility spike → cut size by half and trail the rest at breakeven.
Not financial advice; trade at your own risk. 09-May-2025 17:20 UTC+5