🔥 $ALGO EN POINT OF REBOUND: PREPARING A BULLISH BREAKOUT! 🚀📈
After absorbing sell orders after hitting the high of $0.1404, Algorand ($ALGO ) has built a solid support in the $0.1300 area and is now reclaiming the MA(7) moving average on the 1H timeframe.
The structure indicates a clear accumulation by buyers before attempting to break again above the resistance of $0.1360 and go after new highs. We’re entering to capture the next wave!
📊 TRADING PLAN: $ALGO / USDT
🟢 Position: LONG (Buy)
🛡️ Suggested Leverage: 3x - 5x
📍 Ideal Entry Range: $0.1315 - $0.1330
🎯 TARGET 1: $0.1360 (Immediate resistance zone)
🎯 TARGET 2: $0.1400 (Previous high breakout)
🎯 TARGET 3: $0.1450 (Extension target)
🛑 STOP LOSS: $0.1290 (Below the recent local support)
⚙️ MANAGEMENT RULE:
When Target 1 is reached, secure 50% of the profits and move the Stop Loss to Break Even to trade 100% risk-free.
👇 EXECUTE YOUR ORDER RIGHT NOW! 👇
Use the official Binance widget below to open your entry directly from this post.
Do you think ALGO will break above $0.1400 in the next few hours? Leave your thoughts in the comments. 👇
After absorbing sell orders after hitting the high of $0.1404, Algorand ($ALGO ) has built a solid support in the $0.1300 area and is now reclaiming the MA(7) moving average on the 1H timeframe.
The structure indicates a clear accumulation by buyers before attempting to break again above the resistance of $0.1360 and go after new highs. We’re entering to capture the next wave!
📊 TRADING PLAN: $ALGO / USDT
🟢 Position: LONG (Buy)
🛡️ Suggested Leverage: 3x - 5x
📍 Ideal Entry Range: $0.1315 - $0.1330
🎯 TARGET 1: $0.1360 (Immediate resistance zone)
🎯 TARGET 2: $0.1400 (Previous high breakout)
🎯 TARGET 3: $0.1450 (Extension target)
🛑 STOP LOSS: $0.1290 (Below the recent local support)
⚙️ MANAGEMENT RULE:
When Target 1 is reached, secure 50% of the profits and move the Stop Loss to Break Even to trade 100% risk-free.
👇 EXECUTE YOUR ORDER RIGHT NOW! 👇
Use the official Binance widget below to open your entry directly from this post.
Do you think ALGO will break above $0.1400 in the next few hours? Leave your thoughts in the comments. 👇
