1D time frame
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ALGO is retesting the structural support around 0.135~0.152, that is also the 0.618 Fibonacci Retracement, so here is a good timing to set up a perpetual trading plan with great RR. Also, we can easily see a strong support on higher time frame around 0.08~0.10, this zone is a sweet price to accumulate spot if ALGO come back again in future....
BINANCE:ALGOUSDT
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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...
For the BINANCE:ALGOUSDT.P Long Trade Setup, the following values are suitable for our interval trade:
Entry: 0.0919
Target: 0.0959
Stop: 0.0847
Cost Reduction: -
The profit is reasonable relative to the risk.
Everything move price is done on small volumes. So as not to spoiler the buyer.
I wonder if the project will have any updates soon or if it's the time of the pump)
Accumulation on this trendline(red collor) will open the way to the level of 0.2494.
And there and to the impulse of 5% will be able to do it on easy.
If you like the idea, please "Like" it. This is...
ALGOUSDT TRADING PLAN
I can see algousdt is trading in parrellel chart pattern and now algo in dip & this is the better opportunity to buy ALGOUSDT.
If you like my idea then follow me for more, like, comment and share
ALGOUSDT Descending Triangle Breakout | 80% Move Expected
ALGO was in the correction phase since September 12, 2021, after successfully creating ATH at 2.5499. Now, ALGO has broken the Descending Triangle Pattern and seems bullish from the current price of 1.7431.
NOTE:
1. Q4 Started and highly volatile
2. Do your own analysis
3. High risk involve in this...
