$ALLO - price is wedged in a narrowing triangle/range with boundaries at 0.370 - 0.440. We're seeing price compression, which signals a strong impulse breakout is coming. Meanwhile, the hourly chart maintains a local bullish trend.
LONG $ALLO
Entry at 0.41393 or on a slight dip to 0.40500
Stop at 0.38700
Targets 0.44100 - 0.48500 - 0.54000
Breakout of the 0.390 - 0.400 level has been established, and now this zone acts as support. If the price closes an hourly candle below 0.385, the bullish structure will break, and the asset will drop to take out buyers' stops at $0.350
$ALLO
DYOR
#ALLOAI
LONG $ALLO
Entry at 0.41393 or on a slight dip to 0.40500
Stop at 0.38700
Targets 0.44100 - 0.48500 - 0.54000
Breakout of the 0.390 - 0.400 level has been established, and now this zone acts as support. If the price closes an hourly candle below 0.385, the bullish structure will break, and the asset will drop to take out buyers' stops at $0.350
$ALLO
DYOR
#ALLOAI