$ALLO The 1H level is currently undergoing a strong consolidation after a massive surge. The price has stabilized above the 1H EMA20 (0.1064), and a three-consecutive-bull breakout structure has formed at the 4H level, shifting the trend from weak to strong. The key points are: negative funding rate (-0.0016%) + OI stable at a high of 67 million + firm price, which is a typical characteristic of a short squeeze or strong market support, with continued pressure for short covering. The order book shows that the sell wall (large orders of 81,000 at 0.11828) is slightly thicker than the buy orders, but the price has not declined, indicating strong buying support.
🎯 Direction: Long
🎯 Entry/Limit Order: 0.1170 - 0.1180 (enter directly near current price, or wait for a slight pullback)
🛑 Stop Loss: 0.1120 (below the starting point of the 1H bullish candle and EMA50 support)
🚀 Target 1: 0.1250 (previous high resistance area)
🚀 Target 2: 0.1320 (extension target based on ATR calculations)
🛡️ Trade Management:
- Position: Light position to standard position. Hot Coin is highly volatile, avoid heavy positions.
- Execution Strategy: After the price reaches 0.1250 (Target 1), reduce the position by 50%, and move the stop loss of the remaining position to the entry price of 0.1180 (breakeven). If the price strongly breaks through 0.1250 and stabilizes, hold the remaining position towards 0.1320. If the price cannot stabilize at 0.1250 and retracts, exit all.
(Deep Logic: 1H RSI (68.93) is in a strong area but not overbought, still has upward space. 4H RSI (61.53) has just entered the strong area, beginning of the trend initiation. Although the buy/sell ratio is close to balance, OI remains stable while the price increases, indicating it is not purely retail chasing highs, possibly indicating institutional funds locking in positions. The area of 0.1120-0.1140 (yesterday's high and 1H dense trading area) forms strong support, making it an ideal defensive position.)
Check real-time market quotes 👇 $ALLO
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