$ALLO - interesting situation - currently in a strong local correction phase, but has approached a solid psychological and technical support zone between 0.378 - 0.390. On the hourly chart, it’s clear that there’s a strong demand zone in the range of 0.37 - 0.39. Buyers are quickly scooping up the price, creating long wicks on the candles from below. Right now, buyers are trying to form a reversal structure on the hourly timeframe.
LONG $ALLO
Entry 0.3900 - 0.4050
Stop 0.3690
Targets 0.4450 - 0.4680 - 0.5100
The daily trading volume for ALLO on exchanges is holding at an impressive level - over $95 million. Liquidity is huge, and the coin is extremely volatile, providing an opportunity for quick movements. As it dipped to $0.39, buying volumes started to surge.
$ALLO
DYOR
#ALLOALERT
LONG $ALLO
Entry 0.3900 - 0.4050
Stop 0.3690
Targets 0.4450 - 0.4680 - 0.5100
The daily trading volume for ALLO on exchanges is holding at an impressive level - over $95 million. Liquidity is huge, and the coin is extremely volatile, providing an opportunity for quick movements. As it dipped to $0.39, buying volumes started to surge.
$ALLO
DYOR
#ALLOALERT