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Jimmy__
Jimmy__
$ALGO Entry point: 0.1085 – 0.1095 SL: 0.1050 TP: 0.113 / 0.116 / 0.120 My opinion: ALGO is currently weak on the 4H chart. It’s below all short-term moving averages and momentum is fading after rejection near 0.12. Current price: y=0.10926 Chart structure: Lower highs forming MA5 below MA10 Price under MA20 Volume decreasing Short-term bearish bias Support zone: 0.108 0.105 major support Resistance: 0.112 0.116 0.120 psychological resistance Bullish case: Hold 0.108 and reclaim 0.112 If BTC stabilizes, ALGO can bounce toward 0.116–0.12 Needs stronger volume confirmation Bearish case: Lose 0.105 Could dump toward 0.100 quickly ALGO historically trends slowly and bleeds during weak markets Compared with ADA: Similar slow-moving behavior ALGO weaker momentum than ADA currently Less trader attention/liquidity Compared with SOL: Much weaker SOL still has institutional narrative and better volatility structure ALGO behaves more like a lagging alt right now Trade quality: Medium-low Better for small swing than aggressive leverage Not a strong leader currently Updated ranking from your recent charts: 1. ZEC 2. ATOM 3. SOL 4. AAVE 5. PUMP 6. DOGE 7. BCH 8. XRP 9. ADA 10. ALGO ALGO is tradable near support, but it’s not showing strong relative strength yet.#ExchangeOSGoesLive

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