🔥 $ALGO Drops Into Support — Will Bulls Defend The Last Demand Zone? ⚡
$ALGO /USDT is showing short-term weakness after rejection from the $0.0953 high, currently trading near $0.0858 with -3.05% daily pressure. The 1H structure reflects a bearish trend with lower highs and selling momentum, but price is now testing a critical support area around $0.0854–$0.0849, where buyers may attempt to build a reversal. A strong reclaim above $0.0871–$0.0893 resistance could trigger a recovery move toward $0.0914 and $0.0953 levels, while losing the current support zone may extend downside continuation. Watch for liquidity sweep, rejection candles, and volume confirmation — ALGO is sitting at a high-risk/high-reward zone where the next move can define the short-term trend. 📊
Trade Levels:
🔴 Short Entry Zone: $0.0871 – $0.0893 (on rejection)
🎯 Targets: $0.0854 / $0.0830
🟢 Bullish Reclaim: Above $0.0893
⚠️ Stop Loss: Above $0.0914
#ALGO/USDT
$ALGO /USDT is showing short-term weakness after rejection from the $0.0953 high, currently trading near $0.0858 with -3.05% daily pressure. The 1H structure reflects a bearish trend with lower highs and selling momentum, but price is now testing a critical support area around $0.0854–$0.0849, where buyers may attempt to build a reversal. A strong reclaim above $0.0871–$0.0893 resistance could trigger a recovery move toward $0.0914 and $0.0953 levels, while losing the current support zone may extend downside continuation. Watch for liquidity sweep, rejection candles, and volume confirmation — ALGO is sitting at a high-risk/high-reward zone where the next move can define the short-term trend. 📊
Trade Levels:
🔴 Short Entry Zone: $0.0871 – $0.0893 (on rejection)
🎯 Targets: $0.0854 / $0.0830
🟢 Bullish Reclaim: Above $0.0893
⚠️ Stop Loss: Above $0.0914
#ALGO/USDT
