ALGOUSDT was trading in descending parallel channel and recently it seems like the sellers are bit exhausted now and bulls took the charge and now has given the breakout from descending channel.
Currently the price is forming a local support around 0.0880 region.
Will the bulls take charge again continue for leg higher?
What you guys think of this idea?
Guys, it's pumpseason and I would say that the Algorand is going to have another pump soon ! 🛫
Once ALGO gets above the upper boundary of this triangle, I think there will be chance for run to 2.41 and even more. Just bought now @ 1.478
SL : local low
TARGET : height of the triangle projected from midpoint of the local range (BUY - SL)
RRR : 7.6
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