🚨 $ALGO /USDT ALERT: Consolidation After Rejection – Big Move Ahead! 🚨

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.

💡 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

📉 Take-Profit Targets:

1. $0.5000

2. $0.5295

3. $0.5500

🔻 Stop Loss: $0.4550 – to mitigate potential downside risk.

⚠️ 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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