Algo spot Idea

Algo — Long-Term Outlook

At the moment, I see several possible long-term scenarios for ALGO.
On the TradingView chart, I’ve highlighted the key potential bounce zones in green.

I also don’t rule out the possibility that the liquidity marked on Hyblock may simply get taken out first, which could push the price lower before any meaningful reversal.

Because of that, avoid placing limit orders too early.
The safer approach is to wait for:

the weekly candle close, or

a confirmed breakout and clean retest above the triangle’s trendline.