This is an unusual pair for us to approach with leverage, the last time we opened a LONG on ALGOUSDT was in August 2023. Market conditions are different today.
Back then, prices were trading at the bottom before the recovery, so we were predicting the trend reversal and bullish breakout. Today, the bottom pattern is already in, a rounded bottom coupled with a long-term higher low (April 2025 vs August 2024). So we are only predicting a continuation.
Needless to say, I believe the bulls have the upper-hand. The action right now is happening above the 3-Feb. low, and after more than a month of rising prices there is still no rising volume, which means that there is plenty of room available for growth.
We are doing an easy wave, easy targets. The final wave can go much higher than what is shown on this chart. Since we are not greedy, we are happy with 465% and 1,500%.
The 1,500% is a mild target and high probability.
The rest is up to you.
Thank you for reading.
Full trade-numbers below:
_____
LONG ALGOUSDT
Lev: 5X
Entry levels:
1) $0.2355
2) $0.2200
3) $0.2000
Targets:
1) $0.2564
2) $0.3247
3) $0.3800
4) $0.4352
5) $0.5138
6) $0.6139
7) $0.7243
8) $0.7926
9) $0.9031
Stop-loss:
Close weekly below $0.1900
Potential profits: 1502%
Capital allocation: 3%
_____
Namaste.
Back then, prices were trading at the bottom before the recovery, so we were predicting the trend reversal and bullish breakout. Today, the bottom pattern is already in, a rounded bottom coupled with a long-term higher low (April 2025 vs August 2024). So we are only predicting a continuation.
Needless to say, I believe the bulls have the upper-hand. The action right now is happening above the 3-Feb. low, and after more than a month of rising prices there is still no rising volume, which means that there is plenty of room available for growth.
We are doing an easy wave, easy targets. The final wave can go much higher than what is shown on this chart. Since we are not greedy, we are happy with 465% and 1,500%.
The 1,500% is a mild target and high probability.
The rest is up to you.
Thank you for reading.
Full trade-numbers below:
_____
LONG ALGOUSDT
Lev: 5X
Entry levels:
1) $0.2355
2) $0.2200
3) $0.2000
Targets:
1) $0.2564
2) $0.3247
3) $0.3800
4) $0.4352
5) $0.5138
6) $0.6139
7) $0.7243
8) $0.7926
9) $0.9031
Stop-loss:
Close weekly below $0.1900
Potential profits: 1502%
Capital allocation: 3%
_____
Namaste.
Trade chiuso manualmente
This chart setup might still be valid but market conditions can always change. Approach with caution.This trade is now closed manually. No win no loss. Neutral.
Thanks a lot for your continued.
Make sure to do your own research, your own planning and your own numbers.
This is not financial advice.
RUN!
Namaste.
Trading Cryptocurrencies can be the hardest undertaking ever without the right trade-numbers, without accurate private-access information. Free is free, but the best always requires sweat, an investment. Since 2017 👇
t.me/masteranandatrades/8778
t.me/masteranandatrades/8778
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Trading Cryptocurrencies can be the hardest undertaking ever without the right trade-numbers, without accurate private-access information. Free is free, but the best always requires sweat, an investment. Since 2017 👇
t.me/masteranandatrades/8778
t.me/masteranandatrades/8778
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.