$ALGO /USDT — 2H analysis
MA(7): $0.0872 → short-term support
MA(25): $0.0884 → immediate resistance
MA(99): $0.0863 → important deeper support
🟢 Long setup — my preferred entry
I'd wait for a 2H close above $0.0884–$0.0885, preferably with increasing volume.
Potential plan:
Entry: $0.0885–$0.0887
TP1: $0.0911
TP2: $0.0930–$0.0937
Invalidation: below roughly $0.0869
That would give you confirmation that #ALGO has reclaimed the MA25 instead of trying to catch the move early.
🔴 Short setup
A much cleaner short would be if $0.0859 breaks and a 2H candle closes below it.
Potential targets:
$0.0840
$0.0833
Invalidation would be a reclaim back above the broken support.
🎯Current bias: Neutral → slightly bearish until $0.0885 is reclaimed.
The chart is basically trapped between $0.0859 and $0.0885. I'd let price choose the direction rather than forcing a trade.
If it breaks $0.0885 → I favor LONG. 🟢
If it breaks $0.0859 → I favor SHORT. 🔴
Between them → WAIT.
And I would keep leverage modest; a breakout that looks clean on the 2H can still turn into a fakeout.
click here to trade 👇🏻
MA(7): $0.0872 → short-term support
MA(25): $0.0884 → immediate resistance
MA(99): $0.0863 → important deeper support
🟢 Long setup — my preferred entry
I'd wait for a 2H close above $0.0884–$0.0885, preferably with increasing volume.
Potential plan:
Entry: $0.0885–$0.0887
TP1: $0.0911
TP2: $0.0930–$0.0937
Invalidation: below roughly $0.0869
That would give you confirmation that #ALGO has reclaimed the MA25 instead of trying to catch the move early.
🔴 Short setup
A much cleaner short would be if $0.0859 breaks and a 2H candle closes below it.
Potential targets:
$0.0840
$0.0833
Invalidation would be a reclaim back above the broken support.
🎯Current bias: Neutral → slightly bearish until $0.0885 is reclaimed.
The chart is basically trapped between $0.0859 and $0.0885. I'd let price choose the direction rather than forcing a trade.
If it breaks $0.0885 → I favor LONG. 🟢
If it breaks $0.0859 → I favor SHORT. 🔴
Between them → WAIT.
And I would keep leverage modest; a breakout that looks clean on the 2H can still turn into a fakeout.
click here to trade 👇🏻