ALGO/USDT – Bullish Breakout Setup (1H)

8월 22일

ALGO has shown a clean breakout from the descending trendline (blue) after several days of lower highs. The breakout was backed by strong bullish candles and a close above the short-term EMAs, confirming momentum shift to the upside.

🔹 Trade Plan:

Entry: Around 0.2575 (post-breakout confirmation)

Stop Loss: 0.2540 (below structure & EMAs)

Targets:

First Target: 0.2721

Second Target: 0.2804

Extended Target: 0.2902

🔹 Technical Outlook:

The descending trendline was acting as resistance since August 17 and has now been broken.

EMAs are turning upward and aligning bullishly.

Strong volume push on breakout candle indicates buyers stepping in.

Next major resistance sits near the higher descending yellow trendline – a break above that could open the way toward higher levels.

📊 Bias: Bullish as long as price holds above 0.2540. Watching for continuation toward upper resistance.

8월 25일

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