Up on the day and currently trading a
$ALGO 0.1281 and this is one of the more interesting levels on the board right now for anyone who understands what a clean breakout looks like after a base is established and buyers step in with conviction.
The 0.1161 low was the foundation. Price launched from there and drove all the way to 0.1310 in one clean impulsive move. The pullback to 0.1281 has been orderly and the order book is sitting at 60.42 percent buy side which tells you the buyers are still present and defending current levels.
0.1161 held and the structure since that low has been bullish. Every session has built on the last and the consolidation below 0.1310 is the market preparing for the next move rather than reversing the first one.
Key Levels
Support: 0.1252 to 0.1281
Strong Support: 0.1161 to 0.1186
Resistance: 0.1310 to 0.1318
Breakout Zone: Above 0.1318 toward new highs
Targets
First Target: 0.1310
Next Target: 0.1318
Strong Breakout: A clean move above 0.1318 with volume behind it opens the path toward new highs
Not financial advice. Holding above 0.1252 with buy side order book pressure at 60.42 percent is the reason ALGO deserves attention right now. That level holding on each test is the signal the buyers are serious and the path higher stays open.
$ALGO #ALGOToTheMoon #buydipnow