ALGO/USDT Break the key supply area. Bullish Momentum for ALGO ?

💎 ALGO has been a standout in the market, recently achieving a notable breakthrough in a key supply area. It's now undergoing a retesting phase in the Lower Time Frame (LTF), setting the stage for potential upward movement. If successful post-retest, ALGO probability may move towards our targeted strong resistance area.

💎 However, if ALGO returns to the demand area, which previously acted as a supply zone, it will be crucial for it to demonstrate a strong bounce. This is necessary to mitigate the risk of a false breakout.

💎Failure to rebound and closure below the demand level could signal a false breakout, potentially reversing ALGO's trajectory. In such a scenario, ALGO might shift towards a downward trend, moving towards the next lower target, the support area.

Trade closed: target reached:

Boom! #ALGO is doing just what we said. Up 40.76% and looking good!