š ALLOUSDT: Massive Drop in the New AI Coin! Should We Wait for an Entry? š....
Hey Crypto Family! š«š....
Looking at the ALLOUSDT (AI Token) 4-Hour chart, the coin has fallen from the $0.2100 level and is currently trading at $0.1297. It is down about -11.23%. Such a heavy correction in a new coin can cause fear among traders, but a proper plan might also reveal an opportunity.
š Chart Analysis (Technical Analysis)
ā¢ Current Price: $0.1297 š
ā¢ 24h Change: -11.23% (The bearish trend is strong)
ā¢ 24h Low: $0.1286
ā¢ Trend: The price failed to break the resistance at $0.1800. Consecutive Red Candles are forming, which indicates strong selling pressure. The current price is very close to the 24-hour Low ($0.1286).
šÆ Trading Plan (Entry & Exit Plan)
ALLO is a new and AI coin, making it highly volatile. Therefore, we must wait for the support zone where buyers are expected to enter.
| Action | Level (Price Level) | Description |
| Entry Point (Buy) | $0.1250 - $0.1286 | The Low at $0.1286 is a crucial support. Try to take a small entry close to this level or just below it, anticipating a bounce. |
| First Target (Exit 1) | $0.1400 | This is the immediate resistance. Booking profits here is safe. |
| Second Target (Exit 2) | $0.1500 | If the bounce-back momentum is strong, it could reach this level. |
| Stop-Loss (SL) | $0.1200 | If the $0.1286 support breaks, the trend will fall further. SL is mandatory to prevent a major loss. |
Important Note: The influence of Market Makers is high in newly listed coins. Therefore, trade only with low leverage and a precise Stop-Loss!
Will you wait for a bounce on ALLO? Comment below! š
