$ALGO at *0.1207 - 0.1206* but down today
Take advantage of the correction in a giant coin
> ALGO fell *10.47% in 24 hours to $0.12 on Binance spot* - fell *$0.02 below $0.14*, which analyst Ali Martinez said is the trigger for a potential rise to *$0.19* - price is at the *pivot* - strong support at *$0.11* - roughly ATR(14) below the current price
- *$0.1207 = very close to $0.11 support (-8.8%) - if it breaks → $0.10*
- *$0.14 resistance (+16%) → if it breaks → $0.19 (+57%) according to Ali*
*Will it drop again?*
*It could dip a little, but there is strong support:*
- *Immediate support: $0.1154, today's low* (-4.3%) → *$0.11 pivot* (-8.8%) → *$0.10 psychological level* (-17%)
- Resistance: $0.1226 open (+1.5%) → $0.1239 today's high (+2.6%) → *$0.14 (+16%)* → *$0.19 (+57%)*
*If it breaks $0.11 → $0.10 (-17%) - risky*
*If it bounces from $0.11 → $0.12 (+9%) → $0.14 (+27%) → $0.19 (+72%) - a big opportunity*
- *ALGO isn't a meme coin* - major project - $1B - MIT - strong support at $0.11
- *$0.1207 = at the pivot* - according to today's analysis - risky spot, but an opportunity
- *Entry:* Good at *$0.11 - $0.1154* - you're a little above that at $0.1207 - wait for $0.115
- *Stop:* *$0.10 (-17%)* below strong support
- *Target:* *$0.14 (+16%)* first - if it breaks → *$0.19 (+57%)* according to Ali Martinez
- *Risk/reward:* -8% to +16% - good - *1:2*
*Should you buy?*
ALGO is up *+33% in a month - +50% in 3 months* - but down *-10% today* - a normal correction - *$0.11 is strong support* - if it holds above it → buy
If you own it: *hold* - stop at $0.10 - target $0.14
Bottom line: *$0.1207 - at the $0.11 pivot - down 10% today after +33% in a month - could drop to $0.11 (-8%) - bounce to $0.14 (+16%) → $0.19 (+57%) - $0.11 is a better entry than $0.1207*
$ALGO
Take advantage of the correction in a giant coin
> ALGO fell *10.47% in 24 hours to $0.12 on Binance spot* - fell *$0.02 below $0.14*, which analyst Ali Martinez said is the trigger for a potential rise to *$0.19* - price is at the *pivot* - strong support at *$0.11* - roughly ATR(14) below the current price
- *$0.1207 = very close to $0.11 support (-8.8%) - if it breaks → $0.10*
- *$0.14 resistance (+16%) → if it breaks → $0.19 (+57%) according to Ali*
*Will it drop again?*
*It could dip a little, but there is strong support:*
- *Immediate support: $0.1154, today's low* (-4.3%) → *$0.11 pivot* (-8.8%) → *$0.10 psychological level* (-17%)
- Resistance: $0.1226 open (+1.5%) → $0.1239 today's high (+2.6%) → *$0.14 (+16%)* → *$0.19 (+57%)*
*If it breaks $0.11 → $0.10 (-17%) - risky*
*If it bounces from $0.11 → $0.12 (+9%) → $0.14 (+27%) → $0.19 (+72%) - a big opportunity*
- *ALGO isn't a meme coin* - major project - $1B - MIT - strong support at $0.11
- *$0.1207 = at the pivot* - according to today's analysis - risky spot, but an opportunity
- *Entry:* Good at *$0.11 - $0.1154* - you're a little above that at $0.1207 - wait for $0.115
- *Stop:* *$0.10 (-17%)* below strong support
- *Target:* *$0.14 (+16%)* first - if it breaks → *$0.19 (+57%)* according to Ali Martinez
- *Risk/reward:* -8% to +16% - good - *1:2*
*Should you buy?*
ALGO is up *+33% in a month - +50% in 3 months* - but down *-10% today* - a normal correction - *$0.11 is strong support* - if it holds above it → buy
If you own it: *hold* - stop at $0.10 - target $0.14
Bottom line: *$0.1207 - at the $0.11 pivot - down 10% today after +33% in a month - could drop to $0.11 (-8%) - bounce to $0.14 (+16%) → $0.19 (+57%) - $0.11 is a better entry than $0.1207*
$ALGO