A $2.9769K short liquidation on $ALLO shows bearish positions were squeezed as buyers regained momentum. If price continues to hold key levels, this could develop into a stronger bullish move.
Support: $0.3650
Resistance: $0.3850
Next Target: $0.4000–$0.4200
A breakout above resistance backed by solid volume may attract additional buying pressure. As always, monitor the broader market for confirmation before making trading decisions.
Trade the trend, stay disciplined, and always use proper risk management.
