🚨 $ALGO /USDT ALERT: Critical Levels in Play! 🚨
ALGO is trading at 0.5087, up 2.48%, with price consolidating after a sharp move from its 24-hour low of 0.4561 to a high of 0.5550.
Resistance: 0.5200 – A breakout could push ALGO towards 0.5400, 0.5550, and possibly 0.5700.
Support: 0.5000 – A drop below may lead to retracements to 0.4800 and 0.4560.
💡 Trade Setup:
Long Entry: Above 0.5200, targeting 0.5400, 0.5550, and 0.5700. Stop loss at 0.5000.
Short Entry: Below 0.5000, with targets at 0.4800 and 0.4560. Stop loss at 0.5200.
Stay sharp as ALGO approaches a potential breakout or breakdown!