【$ALLO Signal】Long: 1H retracement to support area, 4H bullish trend not broken

$ALLO Current price 0.4110, 1H MACD death cross expanding, price falls below 1H Bollinger middle band 0.4194. 4H MACD golden cross but bars continue to shorten, indicating high-level oscillation correction. Market sell pressure is heavy (depth imbalance -23%), but funding rate is only 0.0026%, open interest remains stable, no obvious exit signals. Dense orders at 0.4098-0.4110 form a short-term support zone.
🎯Direction: Long
⚡Entry/Order: 0.4098 - 0.4110
🛑Stop loss: 0.4069
🚀Target 1: 0.4172
🚀Target 2: 0.4203
🛡️Trade management: - Execution strategy: After reaching Target 1, reduce position by 50%, and move stop loss to break-even. If price falls back into the entry zone, automatically exit to protect principal.
1H RSI drops to neutral zone at 50, price still has distance above 4H EMA20 (0.3500), short-term bullish momentum needs further validation. The risk-reward ratio is approximately 1.5, suitable for light testing.
Check real-time market 👇 $ALLO
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