$ALGO /USDT is trading at 0.1984 on the 15-minute time frame, experiencing a strong upward momentum with a 29.08% gain in the last 24 hours.
The price is approaching a key resistance level at 0.2000, where selling pressure might emerge. On the downside, the immediate support is identified at 0.1950, which could serve as a foundation for any potential pullbacks.
A suitable entry point for this trade would be near the current price of 0.1984, targeting short-term gains. The first take-profit level is set at 0.1990, followed by 0.2000, and the third at 0.2020.
To manage risks, a stop-loss is recommended at 0.1930. With an RSI of 63.96, ALGO still has room for further upward movement, but traders should remain cautious near resistance zones.