ALGO/USDT – Breakout Trade Setup (Daily Timeframe)

26. Mai

ALGOUSDT has officially broken out of a multi-month descending channel, signaling a shift in trend. After several failed attempts, price action finally pushed above both the channel resistance and the 50-day EMA (~$0.2197), confirming renewed bullish momentum.

Following the breakout, ALGO completed a textbook retest of former resistance turned support around $0.2124. This zone now acts as a demand area and reinforces the bullish bias. The current price action near $0.2275 provides a favorable entry with a well-defined invalidation below $0.1908.

🎯 Trade Parameters
Entry: $0.2250 - $0.2170

Stop Loss: $0.1908

Targets:
 • TP1 – $0.2621
 • TP2 – $0.3000
 • TP3 – $0.3320

Risk/Reward: ~3:1

Potential Upside: +54.85%

📌 Why This Setup?
✅ Breakout + Retest: Clean structure, respecting trendlines and horizontal zones.

✅ Above EMA: Price now trading above 100EMA, flipping it into dynamic support.

✅ Volume Support: Increased volume during breakout validates buyer strength.

✅ Clear invalidation: A move below $0.1908 invalidates the setup.

Summary: With a favorable risk/reward and strong technical signals, ALGO/USDT offers a compelling swing trade opportunity. Maintain discipline on stop loss and trail profits as targets are approached.

8. Juni

Trade geschlossen: Stop wurde erreicht