$ALGO Bullish Move: $87K Short Liquidated at $0.510!

A massive $87K short position was liquidated at $0.510, highlighting strong buying pressure as bears exit the market.

This event could act as a launchpad for

further gains, as ALGO shows signs of breaking out.

What Could Happen Next?

1. Bullish Scenario:

If $ALGO maintains support above $0.510, it could rally toward $0.550 and possibly $0.600.

Ideal entry points lie around $0.498–$0.552, with stop-loss orders placed below $0.540.

2. Bearish Scenario:

Resistance near $0.560 might trigger a pullback toward $0.535 if buying momentum fades.

Short positions could be considered near $0.560, with tight stops above $0.565.

Key Zones to Track:

Support Levels: $0.540, $0.535

Resistance Levels: $0.560, $0.570

$ALGO is gaining steam, and the next move could set the tone for the coming days.

Stay agile and plan your trades carefully!

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