The $ALL Index Bullish Reversal Checklist ✅
The ALL Index is in a downtrend, but here are the exact levels I'm watching to signal a true reversal of the market. It's a ladder, not a leap.
$1.055 - $1.065 (Step 1: Cautious Hope)
· This is the EMA(7) resistance. A break here suggests selling pressure is easing. Good for a potential bounce, but the trend isn't your friend yet.
$1.075 - $1.095 (Step 2: Strong Confirmation) 🟡
· This is the EMA(25) zone. A break and hold here is a MUCH stronger signal. It indicates a potential trend change from bearish to neutral/bullish.
Above $1.107 (Step 3: Bullish Engaged) 🟢
· Breaking the 24h high is the final confirmation. The market would be making a "higher high," and the path of least resistance shifts upward.
Remember: Watch for increasing volume on the up-moves to confirm these breaks. Don't just hope—wait for the price to prove it.
#ALLUSDT #TradingSetup #MarketUpdate #Reversal #TechnicalAnalysis
Disclaimer: This is technical analysis based on the charts and not financial advice. Always manage your risk.