$ALLO Update: Bullish Structure Holding or Pullback Coming?
($ALLO) is currently showing strength on the 1H chart, trading at $0.1203 with an +8.28% gain. The price remains comfortably above the 1H SuperTrend support level of $0.1148, and the RSI(6) at 55.53 suggests the market has successfully cooled off from its recent peak without breaking the bullish trend.
🎯 Trade Setup
EP (Entry): $0.1180 – $0.1210
TP (Targets)
TP1: $0.1241
TP2: $0.1300
TP3: $0.1380
SL (Stop Loss): $0.1120
Technical Summary:
The current price action is consolidating just below the local liquidity zone at $0.1241. As long as the $0.1148 SuperTrend support holds on the hourly close, the structural bias remains bullish for a retest of the 24h highs.
Do you think ($ALLO) will clear the $0.1241 resistance on the next attempt, or are we heading lower to retest support?
Watching this level closely.
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