Switching to the 1-week level, ALGO is forming a double bottom pattern, which means it is creating a W-shaped structure. When this pattern appears, it indicates that the long-term bearish structure has ended and has transitioned into a potential bullish market. This structure most commonly occurs during the transition from the end of a bear market to a bull market.

Currently, ALGO has broken through the Neckline resistance and is retracing. I believe that as long as it can close near the Neckline, or the body closes above the line, even if there is a false breakdown, it is acceptable. Based on the pattern structure, at the very least, I am looking at 0.85U per unit, not including many favorable factors. I hope that it can break through the historical high in the future, and the bullish pattern is just about to begin. #ALGO—24小时交易策略 #ALGO/USDT