$ALLO is consolidating near a key demand zone after the recent long liquidation, indicating weak leveraged longs have been flushed out. Buyers are defending support, and a successful reclaim of resistance could restore bullish momentum.

EP

0.2830 – 0.2880

TP

0.2930

0.3010

0.3130

SL

0.2770

Support

0.2820

Resistance

0.2940

Next Target

0.3250

Pro Tip

Long liquidations often create cleaner reversal setups. Wait for a confirmed bounce from the demand zone or a breakout above resistance with increasing volume before increasing your position.

Price remains above a key support area despite recent weakness. A reclaim of nearby resistance could trigger expansion toward higher targets.

Let’s go $ALLO

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