After our previous analysis, ALGO surged 16% and has now retraced for the last 4 days into a major support zone. We are watching this area for a possible long spot setup if price holds.
Trading Levels:
Entry: $0.105 – $0.110
TP1: $0.126 – $0.147
TP2: $0.175 – $0.20
Stop Loss: Below $0.103
A bounce from support could confirm the setup, while a break below $0.103 would weaken it.
Trading Levels:
Entry: $0.105 – $0.110
TP1: $0.126 – $0.147
TP2: $0.175 – $0.20
Stop Loss: Below $0.103
A bounce from support could confirm the setup, while a break below $0.103 would weaken it.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.