ALGO/USDT Medium-Term Trade Entry (Closed)

Algorand has been in accummulation for a significant period of time now.

It has reached a point suitable for entry after considerable retracing and is showing positive signs up an upcoming rise.

Increasing order of importance:
1. Grey lines
2. Green lines

Our targets are as follows.

ST1 - 0.4398 (75.9%)
ST2 - 0.6097 (143.9%)
ST3 - 0.7296 (191.8%)
ST4 - 0.8790 (251.6%)
ST5 - 1.0765 (330.6%)
ST6 - 1.3598 (443.9%)
ST7 - 1.5067 (502.7%)
ST8 - 1.6728 (569.1%)

Buy zone: 0.2400 - 0.2500
Profit potential calculated from an entry at 0.2500.

Sell at preferred profit potential. A final sell signal will be posted on Purple Crypto Premium.



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(The targets on this chart have been calculated from technical analysis specific to this trade and are not suitable for use with any other trades.)


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Trade closed: stop reached:

Stop loss activated at 0.3210 - 28.4% winnings since start.

Trade active:

Play re-started at 0.3450 on Feb 20.

Comment:

ST1 was hit on Feb 21 with an additional 27.5% winnings since re-start.

However, it also hit my stop loss set at 0.3350 on Feb 24 creating a 2.9% loss since re-start.

Therefore, total winnings from this play setup was 28.4% - 2.9% = 25.5%.

This chart is now closed as the targets and setup are no longer applicable.