Algorand / TetherUSPanjang
Algorand trading the range
Here’s a detailed description of the trade idea for Algorand (ALGO):
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**Trade Idea for Algorand (ALGO/USDT)**
- **Entry Point (Buy):** $0.4598
This level represents a key support area identified through detailed technical analysis. It has been selected as the optimal entry point to maximize the risk-reward ratio.
- **Take Profit Levels:**
1. **$0.4920**: A short-term target corresponding to a local resistance area and recent price consolidation.
2. **$0.5264**: An intermediate target near a stronger resistance zone, offering an opportunity for partial profit-taking.
3. **$0.6240**: The ultimate target, aligning with a significant resistance level and suggesting the potential for a substantial upside move.
This strategy balances short-term gains with longer-term opportunities while adhering to prudent risk management.
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**Trade Idea for Algorand (ALGO/USDT)**
- **Entry Point (Buy):** $0.4598
This level represents a key support area identified through detailed technical analysis. It has been selected as the optimal entry point to maximize the risk-reward ratio.
- **Take Profit Levels:**
1. **$0.4920**: A short-term target corresponding to a local resistance area and recent price consolidation.
2. **$0.5264**: An intermediate target near a stronger resistance zone, offering an opportunity for partial profit-taking.
3. **$0.6240**: The ultimate target, aligning with a significant resistance level and suggesting the potential for a substantial upside move.
This strategy balances short-term gains with longer-term opportunities while adhering to prudent risk management.
Contact me for the free TG Group "The House of Saturn"
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Contact me for the free TG Group "The House of Saturn"
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.