$ALLO Signal: 1H retest support, bulls accumulating for another attack

$ALLO 1H RSI 69.61, MACD bars narrowing but no death cross, 4H Bollinger upper band 0.3806 resistance, depth imbalance -41% shows dense sell orders. Current orders dense around 0.344, funding rate 0.005% neutral, OI stable. After bulls failed to break previous high, pullback with 4H ascending channel lower edge at 0.34 forming short-term support. 1H RSI retraced to near midline, if it stabilizes above 0.342 could be seen as secondary accumulation. Risk-reward ratio 1.5, stop loss clear, suitable for short-term bounce trading.
🎯Direction: long
⚡Entry: 0.3438852 - 0.3449200
🛑Stop Loss: 0.3276740
🚀Target 1: 0.3707890
🚀Target 2: 0.3837235
🛡️Trade Management: - Reduce position by 50% after reaching Target 1, move stop loss to breakeven. If price falls back to entry, exit automatically.
View real-time quote 👇 $ALLO
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