$ALLO is showing a strong support-based reversal on the 1H timeframe after a prolonged downtrend from 0.1698. Price found a solid demand floor at 0.0888, where buyers stepped in aggressively, printing a high-volume bullish impulse candle. Momentum is now shifting as the pair breaks local downtrend structure, setting the stage for a potential sustained recovery toward higher resistance zones.
Trade Setup
Bias: Long
Entry: 0.1030 – 0.1065
SL: 0.0965
TP1: 0.1131
TP2: 0.1250
TP3: 0.1450
As long as 0.0965 holds, the bullish structure remains valid. A strong continuation above 0.1131 can open the path toward 0.1250 and potentially 0.1450 if momentum accelerates. Structured entries and disciplined risk management remain key, especially after impulsive moves.