【$ALGO Signal】Long | Volume and Price Rise Together to Break Out of Consolidation
$ALGO Price moves upward with increasing trading volume and open interest, showing signs of institutional entry, reducing the risk of a short squeeze.
🎯 Direction: Long
🎯 Entry: 0.1030 - 0.1050
🛑 Stop Loss: 0.0995 ( Rigid Stop Loss )
🚀 Target 1: 0.1120
🚀 Target 2: 0.1180
After volume-driven price increase, the volume-price relationship remains healthy, indicating active buying absorption. The rise in open interest confirms new capital entering the market, rather than just short covering. The current price has moved away from the recent consolidation upper boundary; as long as the pullback does not break the previous high support zone (0.1020-0.1035), upward momentum is likely to continue. This is a typical breakout-following strategy with favorable odds.
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【$ALGO Signal】Long | Volume and Price Rise Together to Break Out of Consolidation
$ALGO Price moves upward with increasing trading volume and open interest, showing signs of institutional entry, reducing the risk of a short squeeze.
🎯 Direction: Long
🎯 Entry: 0.1030 - 0.1050
🛑 Stop Loss: 0.0995 ( Rigid Stop Loss )
🚀 Target 1: 0.1120
🚀 Target 2: 0.1180
After volume-driven price increase, the volume-price relationship remains healthy, indicating active buying absorption. The rise in open interest confirms new capital entering the market, rather than just short covering. The current price has moved away from the recent consolidation upper boundary; as long as the pullback does not break the previous high support zone (0.1020-0.1035), upward momentum is likely to continue. This is a typical breakout-following strategy with favorable odds.
Trade here 👇 $ALGO
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