Long 🟢 $ALLO
Strong bullish breakout on the 4-Hour frame (4H)! ALLO witnessed a massive surge, gaining +11.28% to trade at 0.10143. Mechanically, a strong bullish candlestick has successfully blasted above the EMA 7, EMA 25, and the long-term EMA 99 resistance (0.09101), indicating a powerful trend reversal from the bottom. Although the RSI (6) has reached 86.96 entering overbought conditions—hinting at a potential minor retest—the volume-backed breakout establishes an upward market structure. Dips holding above key MAs are buying opportunities to target the major local high near 0.12018.
📐 Trading Plan:
Entry: 0.10143 - 0.09450 (Accumulate on dips)
SL: 0.08900 ❌ (Close below 4H EMA 25)
TP: 0.11300 - 0.12000 🎯 $ALLO 👇👇👇👇
#ALLO #技术分析 #cryptotrading #smc #BinanceSquare
Strong bullish breakout on the 4-Hour frame (4H)! ALLO witnessed a massive surge, gaining +11.28% to trade at 0.10143. Mechanically, a strong bullish candlestick has successfully blasted above the EMA 7, EMA 25, and the long-term EMA 99 resistance (0.09101), indicating a powerful trend reversal from the bottom. Although the RSI (6) has reached 86.96 entering overbought conditions—hinting at a potential minor retest—the volume-backed breakout establishes an upward market structure. Dips holding above key MAs are buying opportunities to target the major local high near 0.12018.
📐 Trading Plan:
Entry: 0.10143 - 0.09450 (Accumulate on dips)
SL: 0.08900 ❌ (Close below 4H EMA 25)
TP: 0.11300 - 0.12000 🎯 $ALLO 👇👇👇👇
#ALLO #技术分析 #cryptotrading #smc #BinanceSquare