$ALLO continues to show strength after reclaiming the 0.19 area and pushing into fresh local highs around 0.209.
Price swept liquidity above previous consolidation and is now ranging just below resistance. The current reaction around 0.204–0.209 will be important. Holding this zone would suggest the move is being accepted rather than immediately distributed.
Key levels: • Support: 0.198 – 0.200 • Major support: 0.192 • Resistance: 0.209 – 0.210 • Breakout target: 0.220+
Volume expanded during the impulsive move, showing genuine participation rather than a slow grind higher. As long as higher lows continue to form, bulls remain in control of short-term structure.
Invalidation comes with a loss of the 0.198 area and acceptance back inside the previous range.
Patience is key here. Let the market confirm whether this is continuation after accumulation or simply a liquidity grab before the next move. #ALLO #Crypto #Altcoins #PriceAction #TradingView
Price swept liquidity above previous consolidation and is now ranging just below resistance. The current reaction around 0.204–0.209 will be important. Holding this zone would suggest the move is being accepted rather than immediately distributed.
Key levels: • Support: 0.198 – 0.200 • Major support: 0.192 • Resistance: 0.209 – 0.210 • Breakout target: 0.220+
Volume expanded during the impulsive move, showing genuine participation rather than a slow grind higher. As long as higher lows continue to form, bulls remain in control of short-term structure.
Invalidation comes with a loss of the 0.198 area and acceptance back inside the previous range.
Patience is key here. Let the market confirm whether this is continuation after accumulation or simply a liquidity grab before the next move. #ALLO #Crypto #Altcoins #PriceAction #TradingView