$ALLO — Long liquidation retests a key support zone.

Long $ALLO

Entry: 0.2470 – 0.2510

SL: 0.2420

TP1: 0.2560

TP2: 0.2640

TP3: 0.2750

A notable $14.96K long liquidation just hit ALLO at $0.249400, forcing leveraged bulls out of the market and triggering a fresh liquidity sweep. The move confirms that excess leverage continues to be cleared, increasing short-term volatility and testing buyer conviction.

Price is revisiting an important support region where buyers may begin defending the broader market structure. Liquidation-driven selloffs often remove weak hands, reduce speculative positioning, and create healthier conditions before the next sustained directional move.

If ALLO holds the 0.2470–0.2510 support zone and reclaims 0.2560 resistance, momentum could quickly shift back toward the bulls. A successful defense of support would indicate buyers are absorbing liquidation-driven selling and rebuilding market strength.

With leverage continuing to normalize and selling pressure beginning to stabilize, the setup remains favorable for a rebound. The current support zone will be decisive in determining whether ALLO completes its deleveraging phase and transitions into a stronger bullish recovery.