🔍 Step-by-Step Strategic Breakdown:
1. Market Direction (Multi-timeframe Trend)
Daily Structure: After a sustained downtrend (LL–LH), ALGO broke out of its descending trendline and made a higher low followed by a higher high, indicating a possible trend reversal.
Trend Bias: Turning bullish on the daily chart.
2. Trading Levels (Supply–Demand + Fibonacci)
Key Zones Identified:
Support: 0.1985, 0.1646, 0.1469
Resistance: 0.2272 (recent breakout), 0.2840 (next significant supply zone)
Breakout Zone: Price has cleanly broken and retested the 0.2272 resistance → now acting as support.
3. Macro Bias (BTC Pairing + USDT.D + Total2)
Assuming macro context from previous response (Alt/BTC ↑, USDT.D ↓, Total2 ↑) → Long Bias on ALGO/BTC validated.
4. MFI / Momentum Confirmation
Chart shows RSI (not MFI) but:
RSI currently 67.37, near overbought but not yet extreme.
Indicates strong bullish momentum with no visible bearish divergence, supporting further upside.
5. Entry Trigger (4H Candlestick Confirmation)
Not shown on chart, but if a bullish engulfing or pin bar formed near 0.2272 or breakout level on 4H, this would confirm a valid entry.
1. Market Direction (Multi-timeframe Trend)
Daily Structure: After a sustained downtrend (LL–LH), ALGO broke out of its descending trendline and made a higher low followed by a higher high, indicating a possible trend reversal.
Trend Bias: Turning bullish on the daily chart.
2. Trading Levels (Supply–Demand + Fibonacci)
Key Zones Identified:
Support: 0.1985, 0.1646, 0.1469
Resistance: 0.2272 (recent breakout), 0.2840 (next significant supply zone)
Breakout Zone: Price has cleanly broken and retested the 0.2272 resistance → now acting as support.
3. Macro Bias (BTC Pairing + USDT.D + Total2)
Assuming macro context from previous response (Alt/BTC ↑, USDT.D ↓, Total2 ↑) → Long Bias on ALGO/BTC validated.
4. MFI / Momentum Confirmation
Chart shows RSI (not MFI) but:
RSI currently 67.37, near overbought but not yet extreme.
Indicates strong bullish momentum with no visible bearish divergence, supporting further upside.
5. Entry Trigger (4H Candlestick Confirmation)
Not shown on chart, but if a bullish engulfing or pin bar formed near 0.2272 or breakout level on 4H, this would confirm a valid entry.
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Declinazione di responsabilitĂ
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.