【$ALLO Signal】Long + 1H Strong Breakout, Capital-Driven Short Squeeze

$ALLO The 1H timeframe has experienced a sharp rally after intense volatility, with the price breaking above the previous high and stabilizing above the EMA20, indicating strong momentum. The 4H chart shows consecutive bullish candles, breaking through the previous consolidation zone, and the trend has shifted upward. Currently, buy orders are concentrated on the order book, while sell pressure is relatively scattered, which is favorable for further upward movement.

🎯Direction: Long (Long)

🎯Entry/Order: 0.1175 - 0.1185 (Near current price)

🛑Stop Loss: 0.1120 (Break below the 1H support low)

🚀Target 1: 0.1250 (Near previous high)

🚀Target 2: 0.1320 (Previous high resistance on daily chart)

🛡️Trade Management:

- Position: Standard size. Risk is manageable as the price is near the breakout level.

- Strategy Execution: After reaching 0.1250 (Target 1), reduce position by 50%, and move the stop loss up to around the entry price of 0.1180 to lock in profits. The remaining position aims for higher targets; if the price retraces and breaks below the trailing stop, exit all.

Order Book Logic: Over the past 24 hours, the price has increased by nearly 30%, but open interest (OI) remains stable, indicating the rally is mainly driven by spot buying or short covering rather than new short positions, which is a healthy short squeeze. Although the 1H RSI is in the overbought zone at 70, this is normal during a strong breakout, with no signs of bearish divergence. The order book shows dense buy orders below 0.118, forming immediate support. Combined with the volume breakout on the 4H chart, short-term bullish momentum is likely to continue.

View real-time market 👇 $ALLO

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