Technical analysis by Kamrani_fxc about Symbol ALGO: Buy recommendation (5/10/2025)

🔍 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, 0.1469Resistance: 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 ConfirmationChart 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.