🚀 $ALGO /USDT: Bullish Momentum Building – Eyes on Resistance! 🚀
On the 15-minute chart, $ALGO /USDT is currently trading at 0.1727, up by 20.85% over the last 24 hours, reflecting strong bullish momentum. The recent high of 0.1766 acts as immediate resistance, and breaking through this level could lead to further gains. Support is identified around 0.1684, which offers a safety net for any pullbacks.
An entry around 0.1720 could capture the upward momentum effectively. To secure gains with tight targets, consider TP1 at 0.1740, TP2 at 0.1755, and TP3 at 0.1765, which aligns with the recent resistance. A stop loss at 0.1690 is recommended to manage risk below the support level.
With the RSI at 65.6, ALGO is nearing overbought levels, so monitoring for any potential breakout at resistance is crucial. Volume confirmation will be essential to ensure the move is sustainable, and any spike above resistance could indicate further upside.
