When we talk about a currency like $ALLO and our identification of the area 0.1045 as resistance, the automatic question that comes to mind is: what is the next target? Everyone wants to know the final destination of the train before boarding, and the truth is that the chart does not give you promises but provides a map of possibilities.
Setting goals is not about fortune-telling or luck; it is about searching for the historical peaks that the price has stopped at in the past. If the price manages to break the ceiling of 0.1045 and holds above it with significant trading volume, the next station is usually at the weekly resistance or the highest peak the currency reached in its previous wave. The professional trader does not look for the "highest price" but seeks the "safest price" to take profits before the market reverses its direction.
But there is a secret that many do not tell you; the target is not a fixed number but rather a price behavior. What is the benefit of setting a distant target when liquidity has started to dry up? Returning to the pinned post on my page will explain how to monitor the volume to know whether the train has enough fuel to reach the next station or if it will stop halfway.
We do not buy hopes, we buy data. If your goal is quick profit, it is better to learn how to gradually raise the stop loss as the price rises rather than waiting for a number that the market may not reach now. Discipline in exiting is just as important as precision in entering.
My question to you now:
If ALLO successfully breaks through the current resistance, what number do you aspire to see as the first target? Will you exit with your full liquidity or wait for further targets? Share your profit-taking strategy with us to see who has the strongest plan.
Important notice: Always remember that these analyses are for educational purposes only to share the technical view, and should not be considered financial advice for buying or selling. Trading involves risks, and the decision is always yours.
