๐ $ALGO /USDT Market Breakdown
Current Stats
Price: $0.1549
24h Change: -0.83%
24h High / Low: $0.1573 / $0.1456
24h Volume (ALGO): 38.32M
24h Volume (USDT): $5.79M
Market Structure
ALGO recently tested $0.1456, a key support and liquidity zone, and bounced back toward $0.154โ$0.155.
The price is consolidating just below $0.157 resistance, forming a potential higher-low structure, signaling early accumulation and a setup for a continuation move.
Key Technical Observations
Support zone: $0.145โ$0.148
Price reclaiming $0.154 โ short-term bullish flip
Resistance: $0.157 โ $0.160
Volume shows accumulation at lows โ buyers absorbing sell pressure
๐ Full Trade Setup (High-Probability Bounce/Continuation)
๐ฉ Long Entry Zone
$0.152 โ $0.155
Optimal entries on retests of support.
๐ฏ Take Profit Targets
TP1: $0.158
TP2: $0.162
TP3: $0.167
๐ Stop Loss
$0.148
(Below demand zone)
RiskโReward Ratio
RR โ 2.5 โ 3.7, depending on target.
๐ง Why This Setup Works $ALGO
โ Demand Zone Bounce
Price respected $0.145โ$0.148, signaling buyer strength.
โ Reclaim of Key Level
Price holding $0.154 flips structure short-term bullish.
โ Volume Confirmation
Accumulation near lows suggests a base for potential continuation.
โ Trend Continuation Potential
ALGO often runs multiple legs after reclaiming key support.
โ Defined Risk
Stop-loss below support zone keeps risk controlled.
๐ Trader Notes
Avoid chasing above $0.157 โ wait for a retest or breakout confirmation.
ALGO reacts to BTC/ETH moves; monitor correlations.
Scale profits in tiers due to moderate volatility.
A close above $0.158โ$0.160 can open momentum toward TP2 and TP3.
๐ Market Outlook (1โ4 Days)
Bullish Scenario (Primary Bias)
Holding $0.152โ$0.155 โ upside toward $0.158 โ $0.162.
Neutral Scenario
Sideways between $0.152 โ $0.157 before next move.
Bearish Scenario
Break below $0.148 โ retest $0.145 or lower $0.142โ$0.143.
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