$ALGO – Holding Structure Near Resistance, Breakout Long Setup
Trading Plan (Long)
Entry: 0.1215 – 0.1225
SL: 0.1150
TP1: 0.1245
TP2: 0.1283
TP3: 0.1330
$ALGO /USDT is currently trading around 0.1224, holding strong just below the recent high at 0.1229. Price is showing steady bullish pressure, with buyers maintaining control above the MA25 support at 0.1152.
On the 1H timeframe, structure remains bullish with higher lows forming, indicating accumulation before a potential breakout. The key level to watch is 0.1229 — a clean break above this zone can trigger momentum toward the 0.1283 Fib resistance.
As long as price holds above 0.1152, the bullish structure stays intact. A sustained move higher could extend toward the 0.13+ region as momentum builds.
This setup is based on strong support holding + breakout pressure — a solid long opportunity unless price loses 0.1150 support.
Trade $ALGO here 👇
