🪙 ACTIVE: $ALGO | Binance | 4H | Spot/Futures
🟢 DIRECTION: LONG (bounce from the 0.5 Fib zone + EMA25)
📈 STRUCTURE: Impulse from 0.07653 to 0.10494, currently a correction back to the 0.5 Fib zone. Price 0.09189 is below MA(7) 0.09239 and EMA(7) 0.09231 — short-term bearish alignment. EMA(25) 0.09113 — price is slightly above, potential support. Supertrend(2,2) 0.09541 is red — downtrend under pressure. MACD DIF 0.00133 is below DEA 0.00191, histogram -0.00058 — bearish compression, momentum is building before a reversal. RSI(6) 45.69090 — neutral, room on both sides. Price is at the 0.5 Fib zone.
📐 FIBONACCI: 0.0 — 0.07653 | 0.236 — 0.08325 | 0.382 — 0.08739 | 0.5 — 0.09074 | 0.618 — 0.09408 | 0.786 — 0.09885 | 1.0 — 0.10494
🎯 Trading setup: LONG on a bounce from the 0.5 Fib zone + EMA25 after a correction from the spike
🟢 Entry: 0.09189 (market) / limit 0.09113 (EMA25)
🛑 Stop-Loss: 0.09074 (24h min / 0.5 Fib)
📈 Take-Profits
🟢 TP1: 0.09337 (BOLL MB — partial take profit)
🟢 TP2: 0.09466 (24h max — liquidity)
🟢 TP3: 0.09831 (BOLL UP — expansion)
🔑 Key levels
🔵 Bottom: 0.07653 (impulse start)
🔴 Resistance: 0.10494 (local high / impulse peak)
🟢 Support: 0.09113 (EMA25) / 0.09074 (24h min)
⚠️ Disclaimer: Not financial advice!
🪙 $ALGO