Based on the provided ALGO/USDT Perp data, here is a trading signal analysis:

📊 Signal: NEUTRAL to CAUTIOUS SELL (Awaiting confirmation)

⏰ Timeframe: 1H - 4H

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🎯 Trade Plan:

· Scenario A (Cautious Sell - Breakdown):

· ✅ Trigger/Entry: A sustained break and close below 0.1260.

· 🛑 Stop Loss (SL): 0.1280 (above the MA25 and recent consolidation).

· ✅ Take Profit (TP): 0.1240 & 0.1220 (next potential support levels).

· Scenario B (Failed Breakdown / Long):

· ✅ Trigger/Entry: A strong bounce and hold above 0.1285 (MA99).

· 🛑 Stop Loss (SL): 0.1260.

· ✅ Take Profit (TP): 0.1305 (towards the 24h High).

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ALGO
ALGOUSDT
0.1336
+6.79%