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EthanTW
Nov 4, 2023 11:57 AM

ALGO target 0.175 Long

Algorand / TetherUSBinance

Description

4h time frame
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ALGO is creating a potential bottom structure. There are two ways to estimate targets, first one is Fibonacci Projection, this target is 0.125. Next one is obvious structural supply zone from 0.17~0.18. Both ways are good to set up trading plan. If ALGO trigger a surging trend, then we can see 0.17 in near future, but shall notice PA while close to 0.125
TP: 0.175
SL: 0.094
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