UnknownUnicorn10064030

ALGO/USDT potential +80% trade

Largo
COINBASE:ALGOUSD   Algorand
Hello, traders!

ALGO price is testing the upper bound of the consolidation range of $0.25 - $0.36

There are several triggers for trade entry:

  • MA100 on 1D timeframe supports the price near $0.31
  • RSI on 1D timeframe in a bullish zone above 50

There's a positive buyers sentiment on the market
Trader entry can be formed in the range of $0.31-0.36

Targets on Fibonacci retracement levels are:
  • $0.4302
  • $0.4943
  • $0.5584
  • $0.6498

We can set SL under 0.28

Good luck and watch out for the market.

P.S. This is not a piece of financial advice, but only trade I would be following myself
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