๐ $ALGO
LONG SETUP ๐
ALGO bottomed at $0.10968, built a base, reclaimed its 99 MA, and then broke out with a strong green push on the 1H, now trading near $0.1308 with price well above all three moving averages. Iโm watching for a long on a pullback into the MA support zone, not chasing the current candle. ๐
Entry: $0.1270 - $0.1285
TP1: $0.1320
TP2: $0.1360
TP3: $0.1420
SL: $0.1235
๐บ Why ALGO is on watch:
Price ($0.13085) is trading above the 7 MA ($0.12807), the 25 MA ($0.12395) and the 99 MA ($0.11970), with the MAs stacked in bullish order and all three now sloping up after the long slide that followed the $0.14355 spike The structure shows higher lows since the $0.10968 bottom, and the breakout above the 99 MA around $0.118 to $0.120 turned that former resistance into support The recent candles are a steady series of green closes with a strong breakout bar on rising volume, a sign of real buying interest rather than a thin drift higher The $0.1270 to $0.1285 area (7 MA) is the first support, with the 25 MA near $0.1240 and the 99 MA near $0.1197 below it. A 1H close above $0.1320 would confirm buyers are in control, while a close under $0.1235 invalidates the setup
Not financial advice. DYOR.
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LONG SETUP ๐
ALGO bottomed at $0.10968, built a base, reclaimed its 99 MA, and then broke out with a strong green push on the 1H, now trading near $0.1308 with price well above all three moving averages. Iโm watching for a long on a pullback into the MA support zone, not chasing the current candle. ๐
Entry: $0.1270 - $0.1285
TP1: $0.1320
TP2: $0.1360
TP3: $0.1420
SL: $0.1235
๐บ Why ALGO is on watch:
Price ($0.13085) is trading above the 7 MA ($0.12807), the 25 MA ($0.12395) and the 99 MA ($0.11970), with the MAs stacked in bullish order and all three now sloping up after the long slide that followed the $0.14355 spike The structure shows higher lows since the $0.10968 bottom, and the breakout above the 99 MA around $0.118 to $0.120 turned that former resistance into support The recent candles are a steady series of green closes with a strong breakout bar on rising volume, a sign of real buying interest rather than a thin drift higher The $0.1270 to $0.1285 area (7 MA) is the first support, with the 25 MA near $0.1240 and the 99 MA near $0.1197 below it. A 1H close above $0.1320 would confirm buyers are in control, while a close under $0.1235 invalidates the setup
Not financial advice. DYOR.
๐ Follow CoinDispatch for more daily trade setups and market updates!