$ALGO /USDT

📊 Current Market Summary

ItemValuePrice$0.1762 (+1.03%)24h High$0.177424h Low$0.1731Volume (ALGO)10.55MVolume (USDT)1.85MCategoryLayer 1/Layer 2

🧠 Key Levels

TypePrice RangeReasonResistance$0.1790–0.1866Cluster from order book + recent highCurrent$0.1762Mid-rangeMinor Support$0.1720–0.173024h low and consolidation baseMajor Support$0.1640–0.1570Strong demand zone

🟢 Bullish Setup (Breakout or Support Bounce)

Option 1: Breakout Entry

Entry: Above $0.1795 (wait for candle close on 1H or 4H)

SL: Below $0.1750 (or just under support)

TP1: $0.1865

TP2: $0.1920–0.1950 (if strong momentum)

Option 2: Support Bounce

Entry: Near $0.1720–0.1735 (watch for bullish candlestick signal)

SL: Below $0.1700

TP: $0.1775, then $0.1820

🔴 Bearish Setup (Resistance Rejection)

Entry: $0.1790–$0.1800 zone rejection (shooting star, bearish engulfing)

SL: Above $0.1840

TP1: $0.1735

TP2: $0.1650 (if sentiment turns risk-off)

🔄 Neutral Range Setup

If price stays between $0.172–$0.179:

Scalp Long: $0.173–0.174

Scalp Short: $0.178–0.179

Tight SLs: Outside the range

📌 Confirmation Tools to Use

RSI: Look for divergence or breakout of 50-level

MACD: Crosses or histogram flip on 1H/4H

Volume: Confirm breakout with surge

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