$ALGO Supports And Resistance Zones - TIME TO BUY
ALGO Is an asset I have a lot of history with, Currently, it is trading well below what it realistically should be, considering the overall state of the crypto market right now.In this Chart I have not only added updated support / Resistance and target zones, I have left the previous Levels up that I charted in 2021
The more relevant data to current trades will be the levels established at the lower parts of the chart. Namely, the price points that follow.
Here are my levels to watch out for,
Here are my recommended options for entry.
You can wait for a breakout of resistance zone 1, wait for a breakdown to the support level ($.1230), or enter right now and risk a breakdown while still in the trade.
At this level I do believe it is a more beneficial move to either enter now or wait until a break of resistance, I don't necessarily see us dipping to support unless the overall market declines over the next few days.
Here are the levels to watch.
Set alerts are applicable prices.
Support / Entry level: $.1230
Resistance Zone 1: $.1405-$.1520
Target 1: $.2390 +97%
Target 2: $.3610 +190%
Target 3: $.5070 +320%
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