ALGO has an important support zone at 1.6$ zone, if it doesn't lose this zone, it will move towards 1.9$, 2.2$ and 2.8$ zones. But if it loses this 1.6$ zone, it will come back to 1.4$ or even 1.2$ zone then start new rally in October

📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 1.6$ zone 🔴Buy : 1.6$ 🔴Sell : 1.9$ - 2.2$ - 2.8$
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 1.6$ zone 🔵Sell : 1.6$ 🔵Buy : 1.4$ - 1.2$
❓Details
🚫Stoploss for Long : 10% 🚫Stoploss for Short : 5% 📈Red Arrow : Main Direction as RED PLAN 📉Blue Arrow : Back-Up Direction as BLUE PLAN 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section 🅰️A : The Close price of 1-day candlestick is Above the zone 🅱️B : The Close price of 1-day candlestick is Below the zone

  • Algorand is an open-source, permissionless, Pure Proof-of-Stake (PPoS) blockchain protocol for “the next generation of financial products”. As such, Algorand ensures "full participation, protection and speed within a truly decentralized network".
  • Algorand is built by a team with deep roots in academic theory and science, led by Turing award winner Silvio Micali, who has dedicated his career to pioneering research in the field of cryptography.
  • Algorand competes with large payment and financial networks and focuses on industrial use-cases. One of the more notable use-cases involved the Marshall Island's plans to issue Central Bank Digital Currency.
  • Furthermore, Algorand offers highly-customizable smart contracts (ASCs), Asset Tokenization (Algorand Standard Assets), and Atomic Transfers built directly in Layer-1.
  • ALGO is the native asset of the Algorand Protocol and serves as the medium of exchange and store of value. ALGO must further be staked by network validators.