$ALGO Keep watching for a long rebound opportunity.



The recent pullback was absorbed by buy orders at a strong support level, and the key demand zone has been defended well. Overall, the price structure remains healthy. At present, selling pressure appears to be easing, and there is still plenty of liquidity around the previous highs above that hasn’t been cleared.

If this level can continue to hold, the next move could be upward testing resistance at 0.0870 and even 0.1010. Entry can be considered in the 0.0815 to 0.0835 range. Please pay attention to risk when trading: watch 0.0755 for defense—if it breaks, don’t hold on.
ALGO-0.42%
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