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Algorand / TetherUS PERPETUAL CONTRACT

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ALGOUSDT.P trade ideas

ALGO/USDT = Sideways before The Breakdown/BreakoutWe see a tight trading range, signifying indecision between buyers and sellers. If we see a solid break above the upper yellow line, there could be potential for an upward push, possibly initiating a new bullish phase for ALGO coin. However, the odds seem slim, and we may more likely witness a bounce between the resistance and support zones. We're on the lookout for a potential breakdown, which would necessitate a confirmed re-test of the resistance turned from the support zone. Such a move would signal a clear shift in market sentiment and a potential move to our liquidity grab zone as well!
Short
by SwallowAcademy
The key is whether it can rise above 0.1409-0.1718Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (ALGOUSDT chart) The key is whether the price can be maintained above 0.1093 and rise above 0.1718. (1W chart) In order to escape from the bottom section, the price must rise above 0.1718 and maintain the price. However, to escape the true bottom zone, it must rise above 0.4253. Only then is it expected to turn into an upward trend and rise. (1D chart) Therefore, the key is whether the price can be maintained by receiving support around 0.1214 and rising above 0.1409. If the price maintains by rising above 0.1409, it appears likely that it will rise quickly to around 0.2462. Otherwise, if it falls below 0.1214 and is resisted, there is a possibility that it may fall to around 0.0954, so you need to think about a response plan. Since a volume profile section has been formed around 0.3091, it is expected that a sharp rise will occur only when it breaks upward around this area. -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
by readCrypto
1
I'll Go To The Moon (ALGOUSDT)ALGO has been trading in an ascending broadening wedge pattern since 19th October. In that time it has risen by ~67% and is once again trading above all EMA's. The market is shaky at the moment and any drops in BTC are causing bigger drops in alts, but any increase in BTC is not necessarily increasing alts much. In any case, despite the very recent downward pressure ALGO found support around $0.13 and is looking to push up to the top of the channel for a short-term 20% increase. In the mid-term, if a breakout of the channel occurs we can target the $0.20 range. If there is any major downward pressure, ALGO could fall considerably to $0.10, but that seems unlikely for now. It has been a while since ALGO has shown some strength, now that it has the explosion should be big. Please note I am not a financial advisor and this is not financial advice. All ideas are for educational purposes only. Please feel free to leave your comments and thoughts below!
Long
by kush23456
ALGOUSDT"As we enter the bullish season, the initial target to aim for is target : 1.9 🎯. This is based on a combination of technical analysis indicators and market trends. However, it's important to approach trading with caution and adapt to changing market conditions. Keep an eye on key support and resistance levels, as well as any significant news or events that may impact the market. Remember to use proper risk management techniques and consider setting profit targets along the way. Happy trading!"
Long
by MKO_Trading
$ALGO Supports And Resistance Zones - TIME TO BUYEURONEXT:ALGO Is an asset I have a lot of history with, Currently, it is trading well below what it realistically should be, considering the overall state of the crypto market right now. In this Chart I have not only added updated support / Resistance and target zones, I have left the previous Levels up that I charted in 2021 The more relevant data to current trades will be the levels established at the lower parts of the chart. Namely, the price points that follow. Here are my levels to watch out for, Here are my recommended options for entry. You can wait for a breakout of resistance zone 1, wait for a breakdown to the support level ($.1230), or enter right now and risk a breakdown while still in the trade. At this level I do believe it is a more beneficial move to either enter now or wait until a break of resistance, I don't necessarily see us dipping to support unless the overall market declines over the next few days. Here are the levels to watch. Set alerts are applicable prices. Support / Entry level: $.1230 Resistance Zone 1: $.1405-$.1520 Target 1: $.2390 +97% Target 2: $.3610 +190% Target 3: $.5070 +320%
Long
by Helios_Capital_Investment
$ALGO in uptrendPatience is going to take your sleep away as you see it slowly moving up. It's already invalidated the downtrend, so even if it goes down a bit, that won't be a concern. Just try not to take a leverage position (not even 2x) as this doesn't have much volume and you will have to suffer in liquidation where the operator can easily play 10-20% up/down with low volume. You can take a Spot entry and leave it as a safe money for later. When I emphasized on patience , I meant that you will see this coin go up or down like 5-30% in a week and that will make a pressure on you to exit with profit. Only those who remain for few months, will be the real hero! Till then Al-goat your ALGO fam! I will be back soon.
Long
by helloanurag
ALGO/USDT A Bullish Horizon Beckons? 👀 🚀 Algo Today analysis💎Paradisers, ALGOUSDT is currently on the radar with its intriguing behavior, having faced rejection at a resistance level but showing signs that it might surge past it in a bullish manner soon. 💎 Historical patterns have shown that when supply zones transform into demand zones, ALGOUSDT tends to ascend. Although it faced a setback at the resistance level of .11563, the momentum seems to be regaining, hinting at a heightened likelihood of breaching the resistance. 💎 Notably, the price has maintained a stance above the previous low, which supports the bullish outlook. Another scenario to consider is a potential bullish push from the demand zone at .10594. However, a drop below this zone could signal a bearish turn. 💎 While some traders, particularly newcomers, may be initiating long positions, it's crucial to maintain a strategic edge and remain alert to all market movements.
Long
by MyCryptoParadise
ALGO's BEAR TRAP: Pump in the Process?Algorand (ALGO) has orchestrated a fascinating move that has caught the attention of traders and investors alike. It appears to have fallen below a key support level, but could this be a cleverly designed bear trap? Many speculate that a pump might be on the horizon. Let's dive into this intriguing market development. 📈💥 The Fall Below Support: ALGO recently breached a key support level, causing some concern among traders. However, in the world of crypto, not everything is as it seems. A Potential Bear Trap: While the drop may look ominous, it has all the hallmarks of a bear trap. This deceptive move is designed to lure in short-sellers who anticipate further decline, only to spring a surprise pump. The Pump in Waiting: ALGO's setup suggests that a pump might be in the making. The bear trap could be the trigger for a swift and substantial price surge. Trading Strategy: Vigilance: Keep a close eye on ALGO's price action, especially in the wake of the support breach. Risk Management: Maintain sound risk management practices to protect your investments in the volatile crypto market. Stay Informed: Stay updated with the latest news and developments related to ALGO that could influence its price movements. Conclusion: The crypto market is filled with clever maneuvers, and ALGO's recent move could be one of them. A bear trap, if that's what it is, often leads to a rapid and powerful reversal. As you navigate these market intricacies, remember that vigilance is key. Be prepared for unexpected turns, and may your trades lead to success. ❗️Get my 3 crypto trading indicators for FREE❗️ Link below🔑
by AlexWhale
Algorand Price Surges Above Exponential Moving Average 200! Algorand (ALGO) has soared above its Exponential Moving Average 200 (EMA200), hinting at a remarkably bullish run! For those of you who relish the excitement of trading in fast-paced markets, this exhilarating development presents an unmissable chance to capitalize on the strong upward momentum of ALGO. The fact that it has surged beyond its EMA200 signifies a significant shift in its overall trend, indicating the potential for substantial gains in the near future. Now, you might be wondering, "Why should I long Algorand?" Well, the reasons to do so are plentiful. The recent breakthrough above EMA200 showcases the cryptocurrency's resilience and solidifies its position as a growing force in the market. Furthermore, Algorand's cutting-edge blockchain technology, combined with its ability to handle high transaction volumes with minimal fees and superb scalability, has garnered widespread attention and acclaim within the crypto community. It is worth noting that Algorand's dedicated team of visionaries and prominent partnerships add further credibility and potential to this digital asset. So, fellow traders, let's seize this exhilarating opportunity and consider initiating a long position on Algorand (ALGO) today. With the price soaring above its EMA200, it's an exciting moment to ride the upward wave and potentially secure significant profits. Don't miss out on the action! As we navigate the fast-paced world of cryptocurrency trading, remember to stay informed, set stop-loss orders for risk management, and always trade responsibly. May each trade bring you adventure and success! To embark on this exciting journey with Algorand, act now and place your long position. Get ready to ride the waves of profit! Call-to-Action: Take advantage of Algorand's surge above its EMA200 and seize the opportunity to long ALGO today! Place your trade and enter the thrilling world of potential profit now. Don't delay, act today!
Long
by bryandowningqln