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$ALLO Building Strength — Higher Low Structure Forming
$ALLO is showing signs of stabilization after the recent pullback. The latest dip failed to gain bearish continuation, and buyers stepped in quickly, suggesting absorption rather than distribution.
Price is now attempting to form a higher low, which often signals the early stage of a potential bullish continuation. As long as this structure holds, the probability favors a move toward higher resistance levels.
Momentum on the lower timeframes shows that sellers were unable to push price further down, while bids continue to defend the current zone. If this support remains intact, the market could gradually rotate upward.
📊 Trade Setup — Long
#ALLO 📍 Entry: 0.088 – 0.092
🛑 Stop Loss: 0.079
🎯 TP1: 0.105
🎯 TP2: 0.125
🎯 TP3: 0.150
As long as the current base holds, continuation to the upside remains the cleaner scenario. A breakdown below support would invalidate the setup.
Trade
$ALLO here 👇