ALGOUSDT has officially broken out of a multi-month descending channel, signaling a shift in trend. After several failed attempts, price action finally pushed above both the channel resistance and the 50-day EMA (~$0.2197), confirming renewed bullish momentum.Following the breakout, ALGO completed a textbook retest of former resistance turned support around $0.2124. This zone now acts as a demand area and reinforces the bullish bias. The current price action near $0.2275 provides a favorable entry with a well-defined invalidation below $0.1908.
🎯 Trade Parameters
Entry: $0.2250 - $0.2170
Stop Loss: $0.1908
Targets:
• TP1 – $0.2621
• TP2 – $0.3000
• TP3 – $0.3320
Risk/Reward: ~3:1
Potential Upside: +54.85%
📌 Why This Setup?
✅ Breakout + Retest: Clean structure, respecting trendlines and horizontal zones.
✅ Above EMA: Price now trading above 100EMA, flipping it into dynamic support.
✅ Volume Support: Increased volume during breakout validates buyer strength.
✅ Clear invalidation: A move below $0.1908 invalidates the setup.
Summary: With a favorable risk/reward and strong technical signals, ALGO/USDT offers a compelling swing trade opportunity. Maintain discipline on stop loss and trail profits as targets are approached.
トレード終了: ストップロスに到達
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。