šØ $ALGO /USDT ALERT: Consolidation After Rejection ā Big Move Ahead! šØ
ALGO/USDT is currently trading at $0.4819, up 11.06% in the past 24 hours. The price reached a high of $0.5295 before facing resistance, with a notable retracement to a low of $0.4301. The chart indicates consolidation, signaling that traders are gearing up for the next decisive move.
š” Trade Setup
Entry Price: $0.4820
Resistance Levels:
1. $0.5000
2. $0.5295 (24-hour high)
3. $0.5500
Support Levels:
1. $0.4600
2. $0.4300
š Take-Profit Targets:
1. $0.5000
2. $0.5295
3. $0.5500
š» Stop Loss: $0.4550 ā to mitigate potential downside risk.
ā ļø Caution: Keep an eye on the $0.5000 resistance level, as a breakout could ignite another upward rally. However, failure to sustain momentum might push ALGO back toward $0.4600 or lower. Manage risk carefully in this consolidating market!
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