🚀 ALLO Trade Setup: Momentum Long! 📈
📝 Key Levels and Parameters
Trade Type: Long (Buy)
Entry (Long): Market Price (≈0.1738)
Stop Loss (SL): 0.1648
Take Profit 1 (TP1): 0.1931
Take Profit 2 (TP2): 0.2224
The trade thesis is that ALLO's +13.96% surge is just the beginning of a larger bullish move, and the current level is an ideal spot to enter for a push toward the $0.22 range.
🛡️ Risk and Profit Management
Risk Per Trade: The risk distance is 0.1738−0.1648=0.009. This is a clearly defined, relatively tight risk amount.
Profit Lock Action: Once the price successfully hits TP1 (0.1931), you must immediately move your Stop Loss up to your Entry Price (≈0.1738). This action eliminates all risk and secures the position for the final push toward TP2.
Risk/Reward Ratio (R:R): The potential reward to TP2 is 0.2224−0.1738=0.0486. The R:R is 1:5.4, which is an excellent ratio, meaning the potential profit is over five times the potential loss.
