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📉 Coin Name: ALGO/USDT

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Observing the hourly frame of ALGO reveals a descending triangle pattern, characterized by consecutive lower highs and a consistent support level. The breakout resistance line, marking the upper boundary of this triangle, holds significant implications for determining bullish sentiment. A breach above this resistance line signals a potential momentum shift in favor of the bulls. Consequently, traders and investors interpret such breakouts as bullish indicators, suggesting the potential for further upward price movement in ALGO.

🟢 Long Position 🟢

Entry: 0.1704

Take Profit Targets:

1st) 0.1779

2nd) 0.1799

3rd) 0.1811

4th) 0.2137

LEVERAGE: 10X

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