$ALLO
just saw a massive long liquidation, with $1.404K wiped out at 0.1113. I’m watching closely because this kind of sharp move often triggers either a bounce or further downside. Price is testing support at 0.1080, and bears could push it toward 0.1050 if selling pressure continues. Volume spikes suggest the next swing could be strong in either direction.
Trade Setup I’m Watching:
Entry Zone: 0.1080 – 0.1090
Target Point(s): 0.1130 – 0.1150 (first target), 0.1170 (extended target if momentum returns)
Stop Loss: 0.1050
Why this setup works:
I’m entering near 0.1080 because it’s a clear support zone where buyers have stepped in before. The first target is aligned with immediate resistance, giving a safe exit to lock in gains, while the extended target accounts for a potential rebound if buying momentum accelerates. Stop loss at 0.1050 protects from further downside while giving the trade room to breathe.
I’m planning to scale out at the first target to secure profits and keep a portion for the extended target. This setup works because it’s based on tested support/resistance levels, considers recent volatility, and uses a clear risk-to-reward structure rather than chasing the recent liquidation.
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