$ALLO /USDT – Technical Analysis & Long/Short Setup

Current Price: $0.1068 (-8.87%)

24h High / Low: $0.1228 / $0.1058

24h Volume: 28.70M ALLO | 3.25M USDT

Market Sentiment: Bearish short-term, potential recovery if support holds. Price has dropped near the 24h low, showing possible oversold conditions.

Long (Buy) Setup:

Entry Zone: $0.1060 – $0.1080

Target 1: $0.1120 (near recent minor resistance)

Target 2: $0.1160 (mid-term recovery level)

Target 3: $0.1200 (strong resistance from 24h high)

Stop Loss: $0.1040 (below recent support)

Short (Sell) Setup:

Entry Zone: $0.1125 – $0.1140 (if price retraces)

Target 1: $0.1090

Target 2: $0.1060

Stop Loss: $0.1165 (above minor resistance)

Summary:

ALLO/USDT is currently in a weak correction but may find support near $0.1060. A bounce from this level could trigger a short-term long play toward $0.1200. Conversely, if the support breaks, further downside toward $0.1040 is possible.

I can also draw a visual chart with entry, targets, and stop loss zones for ALLO/USDT so it’s easier to see at a glance. Do you want me to do that?