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$ALLO — Short squeeze points to growing bullish momentum.
Long $ALLO
Entry: 0.3950 – 0.4050
SL: 0.3820
TP1: 0.4250
TP2: 0.4550
TP3: 0.5000
A fresh $1.97K short liquidation just hit ALLO at $0.40301, forcing bearish traders to cover positions as price pushed higher. The squeeze confirms strengthening buyer momentum and suggests sellers are beginning to lose control of the short-term trend.
Price is holding above key support levels and continues attracting demand on pullbacks. The latest liquidation injects additional buying pressure into the market, often creating the fuel needed for a stronger continuation move.
If ALLO maintains the 0.3950–0.4050 support zone and breaks above 0.4250 resistance, momentum could accelerate rapidly toward higher targets. With shorts being forced out and bullish sentiment improving, the path of least resistance remains to the upside as buyers continue strengthening their position in the market.