【$ALLO Signal】Long - 1H pullback confirmation, main force clearly intends to defend the market

$ALLO The 1H timeframe, after experiencing a sharp rise followed by a pullback, is currently testing the EMA20 moving average (around 0.1265) and the 4H EMA20 (0.1202) as key support zones. The price is consolidating strongly in the 0.1275-0.1303 range, with deep buy orders and stable open interest, indicating that the main force has not exited but is actively defending this level. The 1H RSI is in a healthy 60 zone, preparing for another upward move. The 4H level has stabilized above all moving averages, showing a bullish trend. This is an excellent short-term bullish entry point.

🎯Direction: Long

⚡Entry/Order: 0.1240 - 0.1268

🛑Stop Loss: 0.1190

🚀Target 1: 0.1350

🚀Target 2: 0.1420

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50%, and move the stop loss of the remaining position to the entry price. If the price strongly breaks through 0.1350, move the remaining position's stop loss to hold and aim for Target 2.

(Order Book Logic: Although the price has pulled back from the high, open interest remains stable, and the latest 1-hour candlestick shows buy orders accounting for 53%, indicating strong support during the decline. The order book shows dense buy orders, with significant resistance above 0.1303. Once broken, it could trigger short covering. Combined with the initial bullish divergence on the 1H RSI and the upward trend on the 4H, this position offers an excellent risk-reward ratio. )

View real-time market 👇 $ALLO

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