ALGO - A Rally in the Making

Price is nearing a strong support and bearish sentiment has slowed down for now.
Next, I expect a rally up to the last major area of structure.

Conditions:
-A candle needs to close above the purple line [50 period moving average].
-There needs to be some solid buying pressure on the cross and retest [Long Lower Wick, High Volume, etc.]

Entry: $0.96
Target: $1.24
Stop: $0.85

Let's see how things play out!