ALGO/USDT (Futures) Long-Term Trend: Bullish
Key Resistance Levels: 0.7609, 0.7747, 0.78000.
Key Support Levels: 0.7507, 0.7374, 0.7281.
1-Hr Time Frame:
The price on the higher time frame failed to break the strong support around the 0.7500 USDT mark where the price rebounded and closed above the bespoke support. An engulfing bullish pattern has been posted showing that the buyers are in control of the market.
ALGO/USDT (Futures) Medium-Term Trend: Bullish
10-Mins Time Frame:
On the lower time frame, the buyers succeeded to break the bearish trend line to the upside after a double bottom formation. A lower correction has been posted to the support level to bring back liquidity before a new bullish impulsive wave toward the target profits.
Buy Market Order @ 0.7511
Target Profit 1 @ 0.7609
Target Profit 2 @ 0.7747
Stop Loss @ 0.7413
Trade Safely 🙂