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$ALGO Scalp Alert: Oversold Reversal in Play!
โAlgorand is flashing a major buy signal! After a period of cooling off, we are seeing a textbook oversold reversal combined with a massive surge in ecosystem momentum. With the recent expansion of Braleโs stablecoin infrastructure and the 2026 roadmap rollout, the bulls are back in town.
โ๐ Technical Edge
โIndicators: StochRSI is curling up sharply from the oversold zone (32 โ 50), while RSI remains healthy with plenty of "room to run" above 75.
โPrice Action:
$ALGO is bouncing perfectly off the lower Bollinger Band, with the 0.1308 โ 0.1360 support zone holding like a fortress.
โVolume: A massive 112M ALGO volume spike confirms institutional interest and buyer exhaustion for the bears.
โโก The Scalp Setup (Long)
โEntry Zone: 0.1370 โ 0.1385
โTarget 1: 0.1420 ๐ฏ (+3.5%)
โTarget 2: 0.1460 ๐ (+6.5%)
โStop-Loss: 0.1330 (Below support)
โLeverage: x10 โ x25 (Manage your risk!)
โFundamental Catalyst: Algorand's transition to fully automated xGov on-chain governance and the upcoming Rocca Wallet launch are fueling 90%+ bullish sentiment. The ecosystem is heating upโdon't miss the rip!
โNabiha Noor
Spotting the trends before they go viral.
โ๐ Like | ๐ Share | ๐ Follow for more high-conviction scalps!
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#ALGO #Algorand #ScalpTrading #CryptoSignals #BinanceFeed