Coin: $ALGO
Forecast: 🟢 LONG
Entry: 0.09733
🎯 Take-profit: 0.09837
🛑 Stop-loss: 0.09702
We set hidden stop orders. We trade according to the trend with strict risk management.
#ALGO #CryptoSignals #Trading
💡 Analysis:
According to the chart, ALGO is currently leaning more toward a long position: after a large cyclical reset, the price removed liquidity from the lows and received a strong reaction from buyers, forming an upward-looking bottom.
The 0.09687016461153912 level (EMA200) and VWAP (0.09721459379805229) have been confidently broken to the upside. If the price holds 0.09733 and performs a retest from above with a bounce, the long looks logical for the trend to continue.
Forecast: 🟢 LONG
Entry: 0.09733
🎯 Take-profit: 0.09837
🛑 Stop-loss: 0.09702
We set hidden stop orders. We trade according to the trend with strict risk management.
#ALGO #CryptoSignals #Trading
💡 Analysis:
According to the chart, ALGO is currently leaning more toward a long position: after a large cyclical reset, the price removed liquidity from the lows and received a strong reaction from buyers, forming an upward-looking bottom.
The 0.09687016461153912 level (EMA200) and VWAP (0.09721459379805229) have been confidently broken to the upside. If the price holds 0.09733 and performs a retest from above with a bounce, the long looks logical for the trend to continue.