The ALGO/USDT pair presents a bullish opportunity on the 1-hour chart, validated by strategic filters:
Entry: 0.20001 (key level aligned with strategy parameters).
Stop Loss: 0.1951 (below entry, minimizing downside risk).
Take Profit: 0.20982 (near resistance, conservative target).
Confirmation Factors:
Trend confirmation via HTF EMA alignment.
Momentum supported by RSI and volume exceeding thresholds (RSI OK, Volume OK).
Price stability above critical support levels.
Action: Enter long at 0.2001, targeting 0.20982 with a stop at 0.1951
Entry: 0.20001 (key level aligned with strategy parameters).
Stop Loss: 0.1951 (below entry, minimizing downside risk).
Take Profit: 0.20982 (near resistance, conservative target).
Confirmation Factors:
Trend confirmation via HTF EMA alignment.
Momentum supported by RSI and volume exceeding thresholds (RSI OK, Volume OK).
Price stability above critical support levels.
Action: Enter long at 0.2001, targeting 0.20982 with a stop at 0.1951
Trade closed: stop reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.