$ALLO Signal | 1H strong breakout followed by narrow consolidation at high levels, bulls gathering strength for another push

$ALLO The upper band of the 1H Bollinger Bands at 0.2315 is being repeatedly tested, MACD histogram has two consecutive shrinking bars but no death cross, trading volume remains above twice the daily average. Buy and sell orders within the 0.2206-0.2361 range are imbalanced with a ratio of 1.22, buy orders clearly thicker than sell orders.

🎯Direction: long

⚡Entry/Order: 0.2300877 - 0.2307800

🛑Stop loss: 0.2192410

🚀Target 1: 0.2480885

🚀Target 2: 0.2567428

🛡️Trade management:
- Execution strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to break-even. If the price falls back to the entry level, automatically exit to protect capital.

The 4H bullish momentum is still diverging, and the shallow sideways movement at high levels on the 1H chart is a sign of strength. The current risk-reward ratio is about 1.5. If the price drops below 0.22, the structure weakens, but the probability of breaking the previous high near 0.24 is higher.
Check real-time market 👇 $ALLO
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