$ALGO

/USDT Trading Strategy

Key Levels

Immediate Resistance (Target 1): $0.2193 (24h high)

Secondary Resistance (Target 2): $0.2233

Extended Target: $0.2500 (psychological resistance)

Immediate Support (Stop Loss): $0.2000

Deeper Support: $0.1946

Critical Support: $0.1571 (24h low)

Trading Plan

Entry Zone: $0.2050 to $0.2100

Look for an entry if price consolidates or holds above $0.2050.

Targets:

Target 1: $0.2193

Target 2: $0.2233

Extended Target: $0.2500

Stop Loss:

$0.2000: Tight stop for high-risk trades.

$0.1946: More conservative stop if expecting potential volatility.

Risk Management

Risk-to-Reward Ratio: Maintain at least 1:2.

Position Size: Adjust based on risk tolerance and capital size.

If $0.2193 is broken with strong volume, anticipate a move towards $0.2500. However, failure to sustain above $0.2000 may lead to further downside correction towards $0.1946 or lower.

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