Let me talk to you all straight — this level we’re watching is exactly where momentum starts shifting.
And whoever has been following me closely knows this is the kind of zone where $ALLO usually reacts fast.
Right now price is sitting right above a strong demand block, and this rejection wick shows buyers stepping back in after a deep pullback. If this area holds, we can see a clean bounce toward the mid-range resistance, giving us a solid long opportunity with a tight invalidation zone. A move back toward 0.1915 is very realistic as long as price stays above the support highlighted on the chart.
Targets:
• 0.1735
• 0.1905
• 0.1915
Stop Loss:
• 0.1568
