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$ALLO — Short squeeze reinforces bullish momentum.
Long $ALLO
Entry: 0.4580 – 0.4680
SL: 0.4450
TP1: 0.4850
TP2: 0.5200
TP3: 0.5700
A fresh $2.08K short liquidation just hit ALLO at $0.46471, forcing bearish traders to cover positions as price pushed higher. While the liquidation size is modest, it confirms strengthening buyer momentum and signals that sellers are beginning to lose control of the short-term trend.
Price is holding above key support levels while attracting renewed buying interest on pullbacks. The forced buying generated by liquidated shorts adds additional fuel to the rally, creating favorable conditions for continued upside expansion.
If ALLO maintains the 0.4580–0.4680 support zone and breaks above 0.4850 resistance, momentum could accelerate toward higher targets. With bears under pressure and bullish sentiment improving, the path of least resistance remains firmly to the upside as buyers continue gaining control of the market.