🚨 $ALLO /USDT (1H/1D): Is a short squeeze coming?
After a crazy +300% pump (to $0.359), the price corrected and is now consolidating around $0.175. Locally, the market maker shook off the longs, but the chart showed clear bullish signals for a rebound.
📊 Why should you look at LONG?
Negative funding (-0.02034%): There is a strong advantage for shorters in the market. Short positions are overloaded, and they have to pay longs to hold the deals. This is fuel for a quick breakout.
Liquidity magnet from above: The liquidation chart shows a huge accumulation of short stops in the $0.195 - $0.235 range. The market almost always goes where the money is.
Local protection: Below the current price, there are almost no large liquidation volumes left - the market has cleaned the feet of long players at $0.165.
🚦 Trading plan:
📈 Entry (Long): $0.1720 - $0.1755 (current) or limits closer to $0.1680.
🚫 Stop loss: $0.1630 (closing of the hourly candle below the local low).
➡️ Take profits:
🎯$0.1950 (first impulse)
🎯$0.2120 (main liquidity)
🎯$0.2320 (complete removal of the cascade of shorts)
⚠️ Disclaimer: The token is extremely volatile, enter into a deal with reasonable risk and do not overload your shoulders!
