$ALLO ALLO This round started at 0.08 and nearly doubled in two days, with the highest reaching 0.1669, violently forcing out the short positions at low levels in the market. Currently, the contract holdings have surged to a new high of 15.95 million, with long and short positions locked at maximum capacity, and the TD sequence on the chart officially turning bearish downward by 2, indicating that short-term upward momentum is clearly weakening. The price remains stagnant at high levels, trading volume gradually shrinking, with heavy selling pressure above, and the overall market sentiment extremely bullish, entering the highest risk zone of a fish tail game. Now, it is neither advisable to chase the last move nor to rush for the top; 0.160 is the critical support line. Once it is effectively broken, a deep cliff-like retracement is highly likely, and the risks after a sharp rise should never be underestimated.

ALLO-5.73%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned