$ALGO - Strong rebound from the support level, and bullish traders regain control

Clear reversal of the trend from the low of $0.1768

Moving averages indicate an upward trend for the next phase of the rise

The price has seen a strong rebound from the $0.1768 level, rising above all major moving averages.

The pullback continues above the (25) moving average, and the price is rising again with a strong structure.

A breakout above the $0.1922 level may confirm further upward movement.

Buy Trade Setup

Entry Zone: $0.1880 - $0.1895

Take Profit: $0.1955

Stop Loss: $0.1850

Market Outlook:

Momentum supports the bullish trend.

Closing above $0.1922 may lead to a rise towards $0.1950 or more.

Watch for confirmation of trading volume.

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