【$ALGO Signal】Long | Healthy consolidation after price and volume breakout

$ALGO After a 5.75% increase with volume, the price is consolidating below a key resistance zone. The price action shows strong buying absorption, with no signs of panic selling, indicating a healthy reset before a breakout.

🎯Direction: Long

🎯Entry: 0.1040 - 0.1060

🛑Stop Loss: 0.0995 (Rigid stop loss, invalidates the structure if broken)

🚀Target 1: 0.1120

🚀Target 2: 0.1180

The upward move of $ALGO is accompanied by significant volume expansion and increasing open interest, suggesting institutional buying rather than short covering. The price has pulled back proactively before the key resistance, but the retracement is shallow and slow, typical of buying absorption. As long as the price holds above the 0.10 psychological level, the probability of breaking previous highs and continuing the trend is higher. Small losses, big gains—profit from probability.

Trade here 👇 $ALGO

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