$ALGO /USDT BULLISH BREAKOUT 🚀
Key Levels:
- Current Price: $0.3578
- Resistance Levels: $0.3617, $0.3800, $0.4000
- Support Levels: $0.3400, $0.3273
Trade Setup:
- Entry: Long at $0.3578
- Take Profit (TP):
- TP1: $0.3800
- TP2: $0.4000
- Stop Loss (SL): $0.3400
Risk Management:
- Risk/Reward Ratio: 2:1
- Position Size: 2% of total portfolio
Summary:
We are looking for a long trade on $ALGO/USDT due to a bullish breakout above the resistance level of $0.3578. The price has shown strong upward momentum, and we anticipate further gains towards the next resistance levels at $0.3800 and $0.4000. Proper risk management is crucial to protect against potential downside. 📈💸
Happy trading and may the market be in your favor! 📈