$ALGO /USDT
š ALGO/USDT Analysis
š¹ Market Snapshot
Current Price: $0.1819
24h High: $0.1821
24h Low: $0.1711
24h Volume: 24.36M ALGO / $4.30M USDT
Exchange: Binance
š Key Technical Levels
Price LevelTypeSignificance$0.1660ā$0.1681Strong SupportMajor bounce zone; prior accumulation$0.1711ā$0.1751Short-Term SupportIntraday base; ideal re-entry if pulled back$0.1818ā$0.1821Current ResistanceTesting 24h high$0.1841ā$0.1932Next ResistanceProfit-taking zone for longs$0.2022ā$0.2113Major ResistanceSwing target zone; monitor for rejection
ā Bullish Setup (Long Trade)
Scenario 1: Pullback Buy
Entry Zone: $0.173ā$0.175
Stop-Loss: $0.167
Take Profits:
TP1: $0.1820 (retest)
TP2: $0.1840
TP3: $0.1930
š§ Look for a bounce confirmation (e.g., bullish engulfing or hammer) on 15m or 1H chart at $0.175 zone.
Scenario 2: Breakout Buy
Entry: 1H or 4H close above $0.1822 with volume
Stop-Loss: $0.1770
Take Profits:
TP1: $0.1840
TP2: $0.1930
TP3: $0.2020+
š A clean breakout from $0.1821 with rising volume and RSI <75 is ideal. Be cautious of fakeouts.
ā Bearish Setup (Short Trade on Rejection)
Entry: $0.1930ā$0.2020 if RSI >75 and upper wick rejection appears
Stop-Loss: $0.2115
Take Profits:
TP1: $0.1840
TP2: $0.1750
š Indicators to Monitor
RSI (1H/4H): Likely between 60ā70 ā bullish but nearing resistance
MACD: Bullish crossover = confirmation for breakout
Volume: Confirm uptrend continuation if price breaks $0.1821
š Trade Summary
ParameterValueBiasBullish short-termPullback Entry$0.173ā$0.175Breakout EntryClose above $0.1822 with volumeTargets$0.1840 / $0.1930 / $0.2020Stop-Loss$0.167 (pullback), $0.177 (breakout)Invalid Below$0.1660
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