After exploding more than 150% from the lows, $ALLO is entering an area where risk-to-reward starts favoring a short-term correction.
Short Entry: $0.235 - $0.248
🎯 TP 1: $0.215
🎯 TP 2: $0.195
🎯 TP 3: $0.170
🛑 Stop Loss: $0.265
Analysis:
The rally has been extremely strong, but parabolic moves rarely continue forever without cooling off. Price is now testing a major extension zone after a near-vertical run from 0.088.
Taker volume remains elevated, which often happens when late buyers start chasing momentum. Meanwhile, the long/short positioning remains mixed, suggesting conviction is weakening compared to the earlier breakout phase.
What I'm watching: • rejection near 0.247 resistance
• declining buy volume
• failure to hold above 0.23
• increasing sell pressure after spikes
This is a counter-trend setup, so timing matters. The trend is still bullish overall, but if momentum stalls, a sharp pullback toward lower support zones becomes very possible.
Don't fight strength blindly...wait for confirmation before entering.
🚫 DYOR
