๐ ALGO/USDT Technical Analysis: ๐น Buying, Selling, and Stop Loss Targets ๐ฏ
Current Price: $0.3418 (+19.76%)
Market Highlights:
24h High: $0.3595
24h Low: $0.2826
24h Volume (ALGO): 303.84M
24h Volume (USDT): 99.90M
Trading Insights:
1. Immediate Resistance: $0.3595
2. Immediate Support: $0.3350
3. Key Stop Loss Level: $0.3200
Recommended Strategy:
Buying Zone: $0.3350โ$0.3400
Selling Targets: $0.3500, $0.3595, $0.3700
Stop Loss: $0.3200
Market Analysis:
ALGO/USDT has surged significantly, gaining nearly 20% in the past 24 hours. Traders may look to enter near $0.3350โ$0.3400, aiming for profits at resistance levels of $0.3500, $0.3595, and $0.3700. The price is expected to face resistance at $0.3595, so profit-taking may be prudent here. A stop loss at $0.3200 provides a solid risk management strategy in case of a retracement. Keep an eye on volume and momentum for confirmation of the trend.