$ALGO is showing a strong breakout on the 4 hour chart crossing a key trendline that has been holding the price down.

If the breakout gets confirmed with good volume it could signal the beginning of a bullish move.

Buy Zone.

Buy Range. $0.41 - $0.43

Wait for a retest of the broken trendline or a breakout confirmation to enter safely.

Targets.

1. First Target. $0.46.

2. Second Target. $0.52.

3. Third Target. $0.56.

4. Final Target. $0.60.

If the bullish momentum continues and volume supports the breakout prices could climb steadily to these levels.

Stop-Loss.

Place a Stop-Loss at $0.39.

This level ensures minimal losses if the price reverses.

Why This Setup is Strong.

1. Trendline Breakout. Breaking above a critical trendline shows bulls are in control.

2. Volume Confirmation

Look for higher buying volume to confirm the breakout.

3. Market Sentiment. If Bitcoin (BTC) remains stable or bullish $ALGO could gain further momentum.

Next Steps for Traders.

1. Wait for a retest or confirmation of the breakout.

2. Enter in the Buy Zone ($0.41 - $0.43).

3. Monitor volume closely.

4. Set targets and stop-loss as per the levels mentioned.

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