$ALLO — Strong Reclaim From Support, Momentum Turning Bullish
$ALLO dipped into the 0.1080 support zone, absorbed selling pressure, and responded with a sharp bullish impulse, reclaiming 0.112–0.113 in one clean move. This kind of candle usually signals demand stepping in, not just a random bounce.
Price is now back above the key intraday level, and as long as ALLO holds above 0.1110, the structure favors continuation. A clean break and hold above 0.1145 would confirm strength and open the door for the next leg up. Losing 0.1095 would weaken momentum and turn this into short-term range play.
Momentum is shifting — but entries should stay disciplined.
Trade Setup
Entry Zone: 0.1110 – 0.1130
Target 1: 0.1150
Target 2: 0.1185
Target 3: 0.1230
Stop-Loss: 0.1090
ALLO
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