$ALGO /USDT

📊 ALGO/USDT PERP – Market Summary

Last Price: $0.1789

24h Change: +2.29%

Mark Price: $0.1789

24h High / Low: $0.1790 / $0.1733

24h Volume:

ALGO: 94.99M

USDT: 16.71M

🔹 Key Technical Levels

TypePriceNotesResistance 1$0.1831Local resistance zoneResistance 2$0.1881Breakout target from rangeResistance 3$0.1919–$0.1931Strong swing resistanceSupport 1$0.173224h low / short-term bounce areaSupport 2$0.1694Last breakdown zoneSupport 3$0.1682High risk invalidation area

🟢 Bullish Trade Setup (Range Breakout or Pullback Buy)

✅ Option A: Breakout Entry

Entry: Above $0.1832 (on volume confirmation)

Target:

TP1: $0.188

TP2: $0.192

Stop-loss: Below $0.179

✅ Option B: Pullback Long

Entry Zone: $0.1732–$0.1745

Confirmation: Look for bullish candles (15m/1h)

Target:

TP1: $0.1789

TP2: $0.183

Stop-loss: Below $0.1694

🔴 Bearish Setup (Range Rejection or Breakdown Short)

Entry: Near $0.1830–$0.1840 (if rejection / bearish wick)

Target:

TP1: $0.173

TP2: $0.169

Stop-loss: Above $0.185

📈 Indicators to Watch

RSI: Approaching overbought on lower TFs → potential short trigger

Bollinger Bands: If price is riding upper band → trend continuation likely

Volume: Spike above $0.183 needed for sustained move

🛡️ Strategy Notes

ALGO is showing a tight range consolidation just under resistance.

Price action suggests a possible squeeze, so be ready for breakout or rejection.

Use moderate leverage (3x–5x) and avoid trading both sides simultaneously.

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