🚨 $ALGO : CRITICAL SUPPORT TESTING – BIG MOVE INCOMING! 🚨
$ALGO is trading at $0.3227, right at its key support zone. The price is at a decisive level that could trigger either a breakdown or a bounce-back rally.
Analysis:
If $ALGO Breaks Below $0.3220: Expect further downside momentum, potentially targeting:
Target 1: $0.3100
Target 2: $0.3000 Watch for increased selling pressure below this level.
If Holds Above $0.3220: A rebound could see a bullish recovery toward:
Target 1: $0.3400
Target 2: $0.3600 A strong green candle confirmation above $0.3220 is crucial for an upward push.
Pro Tip:
Monitor closely for volume spikes to confirm the breakout or reversal. Keep tight stop-losses to manage risks effectively.