Yello Paradisers, did you spot that breakout from the descending channel in time or are you still waiting for confirmation that already happened?
💎#ALGO/USDT has officially broken out of its multi-week descending channel after a textbook Break of Structure (BoS). Price action gave us a beautiful retrace into the demand zone, and from there boom momentum began shifting. This move is now showing early signs of bullish continuation, but as always, the majority will only realize it once the big move is already done.
💎#ALGO had been trading within a clearly defined descending channel, with price reacting precisely between the descending resistance and descending support lines. The breakout occurred after a strong candle pierced the descending resistance, and more importantly, we got a BoS followed by a clean retest of the demand zone around $0.165–$0.175. That reaction was sharp and decisive, indicating strong interest from buyers stepping in.
💎As of now, it is trading near $0.186 and forming higher lows, which supports the idea of an ongoing trend reversal. The structure has changed, and bulls are slowly regaining control. If price sustains above $0.190, the doors open for further upside. The first key level that could slow momentum is minor resistance near $0.210. If that level breaks with volume, moderate resistance around $0.230 becomes the next critical zone. Above that, the major target sits at $0.260, a strong resistance area where a lot of liquidity could be triggered.
💎On the flip side, the strong support zone between $0.145 and $0.155 remains our invalidation area. If price drops below this range, the bullish setup collapses, and we reassess the entire structure. But unless that happens, the bias remains cautiously bullish.
Trade Smart. Stay Patient. Be Consistent.
MyCryptoParadise
iFeel the success🌴
💎#ALGO/USDT has officially broken out of its multi-week descending channel after a textbook Break of Structure (BoS). Price action gave us a beautiful retrace into the demand zone, and from there boom momentum began shifting. This move is now showing early signs of bullish continuation, but as always, the majority will only realize it once the big move is already done.
💎#ALGO had been trading within a clearly defined descending channel, with price reacting precisely between the descending resistance and descending support lines. The breakout occurred after a strong candle pierced the descending resistance, and more importantly, we got a BoS followed by a clean retest of the demand zone around $0.165–$0.175. That reaction was sharp and decisive, indicating strong interest from buyers stepping in.
💎As of now, it is trading near $0.186 and forming higher lows, which supports the idea of an ongoing trend reversal. The structure has changed, and bulls are slowly regaining control. If price sustains above $0.190, the doors open for further upside. The first key level that could slow momentum is minor resistance near $0.210. If that level breaks with volume, moderate resistance around $0.230 becomes the next critical zone. Above that, the major target sits at $0.260, a strong resistance area where a lot of liquidity could be triggered.
💎On the flip side, the strong support zone between $0.145 and $0.155 remains our invalidation area. If price drops below this range, the bullish setup collapses, and we reassess the entire structure. But unless that happens, the bias remains cautiously bullish.
Trade Smart. Stay Patient. Be Consistent.
MyCryptoParadise
iFeel the success🌴
Trade active
💎#ALGOUSDT is playing out exactly as we predicted, surging with a 39.43% gain and it’s not done yet!💎Once you step into the realm of precision, there’s no looking back. It’s a journey of consistent wins, a commitment to excellence, and a stride in a league of victors
Trade closed: target reached
💎 Bingo! #ALGOUSDT is dancing to our tune, up 80.32% just like we predicted
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🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.