【$ALLO Signal】Long | 1H Breakout and Retest Confirmation, Clear Intent of Capital Support

$ALLO The 1H timeframe is consolidating strongly above the EMA20, just breaking above the previous high of 0.09999 with a slight pullback. The 4H timeframe has stabilized above EMA20 with increased volume, forming an early upward trend structure. Currently, the price is gathering momentum below the key psychological level of 0.10, with stable open interest, buy orders significantly stronger than sell orders, indicating a clear intention of the main force to support the price.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0988 - 0.0993 (Reason: Retest of the 1H EMA20 support and previous breakout zone )

🛑Stop Loss: 0.0972 (Reason: Break below the 1H previous low and ATR lower band )

🚀Target 1: 0.1045 (Reason: Previous high resistance and 1.272 Fibonacci extension level )

🚀Target 2: 0.1090 (Reason: 1.618 Fibonacci extension level and psychological round number )

🛡️Trade Management:

- Position Size Suggestion: Light (Reason: Price approaching previous high, short-term selling pressure exists )

- Execution Strategy: After entering, if the price quickly surges to around 0.1020, consider partial profit-taking. After reaching Target 1, reduce position by 50% and move stop loss to entry price. Remaining position aims for Target 2.

Depth Logic: After a 14% increase, there has been no significant pullback. The 1H RSI(70) is in a strong zone but not overbought, leaving room for further upside. The order book shows heavy buy orders below 0.0990 (bid_ask_ratio_depth=3.04), providing strong support. The 4H volume has significantly increased, and the candlesticks are closing above the moving averages, indicating a bullish trend reversal. Stable open interest suggests not just a short squeeze but genuine capital absorption. The key is whether the price can hold above 0.10; a breakout would open up space.

Trade here 👇 $ALLO

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