MBM_Crypto

ALGO Loading up for a move!

Long
BINANCE:ALGOUSDT   Algorand / TetherUS
Here's a quick look at ALGO 30 min chart. As we can see, the price has been forming a symmetrical triangle and we will see a breakout soon! Keep an eye on this setup!
The best entry would be when the price breaks above 0.302$ with a good amount of volume.
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The idea is: Buy when the price breaks above 0.302$ and take profits at the levels shown in the chart.

Targets:

1. 0.306$
2. 0.31$
3. 0.327$
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What are triangles when it comes to trading?

Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.

2. Triangles are similar to wedges and pennants and can be either a continuation pattern if validated or a powerful reversal pattern, in the event of failure.

3. three potential triangle variations can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."

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