I have to admit, $ALLO is holding up much better than I originally expected.
The bearish follow-through simply hasn’t shown up in the way I anticipated, and that opens the door for one more meaningful push higher before any larger correction comes into play.
Right now, the consolidation looks constructive rather than concerning.
Price is taking time to digest the previous move, but sellers haven't been able to force a breakdown, which is a positive sign for the bulls.
My attention is on the $0.245 area.
If price can revisit that level and show strength,
I may look to start building a long position.
Until then, I’m staying patient and letting the market reveal its next move.
So far, the structure remains intact, and the consolidation is far healthier than many traders probably realize.
$ALLO is definitely one to keep on the watchlist. 👀📈