ALGO - Trade opportunity after the breakout

10 Apr

ALGOUSDT (1D CHART) Technical Analysis Update

ALGO is currently trading at $0.2276 and currently in consolidation phase. Price has formed a nice triangle pattern. If the price breaks out from the resistance line then we have a good opportunity for long trade. If the price breaks down then the next support is around 0.15

Entry level: $ 0.24
Stop Loss Level: $ 0.21

TakeProfit 1: $ 0.256
TakeProfit 2: $ 0.268
TakeProfit 3: $ 0.2931
TakeProfit 4: $ 0.3190

Max Leverage: 5x
Position Size: 1% of capital

Don't forget to keep stop loss.

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GreenCrypto