Trade Setup $ALLO
Current Price: 0.1119
Entry Price: 0.1100 – 0.1130
Target 1: 0.1250
Target 2: 0.1450
Stop Loss: 0.1040
Analysis:
ALLO is currently trading near a short term demand zone after a healthy pullback, which suggests sellers are losing momentum around this level. The price is holding above key support near 0.11, showing signs of stabilization and potential accumulation. Volume has started to level out, indicating reduced selling pressure. If ALLO maintains this range and reclaims minor resistance, a move toward the 0.125 area is likely, where partial profits can be booked. A clean break above that level could open the door for an extended push toward 0.145. The stop loss is placed below support to manage downside risk if the structure fails. Risk to reward remains favorable for a short term swing trade.#Write2Earn $ALLO
