$ALLO /USDT LONG TRADE SETUP 🚀
Based on the provided chart,
$ALLO is showing an extremely strong, high-volume upward surge, currently trading around $0.1989. This move has broken significantly above the 24h High of $0.2200 (though the current price of $0.1989 on the chart is below $0.2200, the candlestick wick suggests it reached it) and all major Moving Averages (MA(7) at 0.1684, MA(25) at 0.1658, MA(99) at 0.1618), indicating a major breakout.
🎯 Target Points
Given the strong vertical move, a slight pullback may occur, but bullish momentum suggests higher targets are likely.
TP1: 0.2200 (Re-test/Break of the 24h High) TP2: 0.2350 (Psychological resistance above previous high) TP3: 0.2500 (Next major psychological level) 🛑 Stop Loss
Set a tight stop loss, as high-volume vertical moves can reverse quickly. A safe level is just below the most recent support/MA convergence area.
Set stop loss below 0.1750 to protect capital if the initial surge loses momentum and corrects sharply. Conservative SL would be below MA(7) at 0.1684. ⚠️ Risk Note
This is a HIGH-RISK, HIGH-REWARD trade. The chart shows an almost vertical price movement with massive volume. Always use proper risk management and consider taking partial profits quickly.
Buy and Trade here on $ALLO
