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ALLO's trend appears to be building momentum. The current chart shows a typical ascending triangle pattern, with stable support at the bottom and potential for an upward breakout.
From a technical perspective, there are two approaches to participate: a conservative approach is to wait until the price breaks above the purple horizontal line before going long, which will provide a stronger confirmation signal. For a more proactive strategy, going long at the 0.11 level is also an option, directly betting on the triangle's upward breakout.
In terms of targets, first aim for 0.13, and after breaking that, continue to watch for 0.17. Given that ALLO's recent volatility has been relatively mild with small fluctuations, entering at the current price might be more prudent and easier to hit the take-profit target smoothly.