A message to our followers regarding the ALGO/USDT currency
Dear followers,
After analyzing the movement of the ALGO currency, there is an opportunity to trade according to the following strategy with the need to fully adhere to the instructions to achieve the best results and avoid risks:
Entry strategy:
Buy on correction: Entry between 0.285 - 0.290 while monitoring price support.
Entry after the breakout: If the price breaks the resistance level of 0.3215 with strong momentum, you can buy by targeting the levels of 0.35 - 0.38.
Exit strategy:
Take profits: in stages at 0.32 - 0.35 - 0.38.
Stop loss: at the level of 0.275 to protect capital.
Important warning:
The market is very volatile, and sudden changes in the trend may occur. Please adhere to risk management and do not enter with large amounts.
Trading requires patience and discipline. Do not enter the market unless the appropriate technical conditions are available.
Important advice:
Adherence to the instructions and the mentioned strategy is the basis for achieving success in this type of trading. Ignoring the rules may lead to unexpected losses.
Good luck to everyone!