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$ALLO pauses before a key resistance level; a healthy pullback is a good opportunity to position.
Wait for a pullback to go long $ALLO
Entry: 0.0715 – 0.0725
Stop loss: 0.0665
Target 1: 0.0796
Target 2: 0.0849
Target 3: 0.0900
$ALLO slows down after a strong rally at high levels, especially as volume fails to follow through, indicating a short-term correction is needed. This is not a trend reversal but a healthy pause for the bulls. The current price is approaching a key resistance zone; waiting for a pullback to the support band of the moving averages (MA20) below is a more prudent strategy. The decreasing volume during the pullback and stabilization often signal the start of the next upward wave, offering a better risk-reward ratio.
Trading $ALLO opportunities are here 👇