## $ALLO Technical Analysis & Trade Setup
Allora ($ALLO ), a decentralized AI network token, is currently stabilizing near its macro support floor around **$0.085**. This follows a sharp, controlled long wipeout that flushed out weak hands and swept downside liquidity. The asset is down significantly from its historical high, but intraday buyers have stepped in, showing repeated absorption and dip demand near the local lows.
The 1-hour chart structure is beginning to showcase early breakout continuation energy and a bullish reversal attempt. This creates a high-probability, tight risk-to-reward scalp opportunity for disciplined day traders.
* **Optimal Entry Zone:** **$0.0855 – $0.0865**. Accumulate on local consolidation or a retest of intraday support, ensuring buyers continue defending this range.
* **Stop-Loss (SL):** **$0.0838**. Place tight protection safely below the recent liquidation wick. A daily close below this level completely invalidates the short-term reversal thesis.
* **Take-Profit Targets:**
* **Target 1 (T1): $0.0891** (Initial structural resistance; secure 50% profits and move SL to break-even).
* **Target 2 (T2): $0.0938** (Major range breakout target).
*Keep risk tight; avoid chasing moves above the entry pocket.*
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