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That last wick was aggressive, but it’s precisely in moments like this that opportunities show up. $ALLO I opened a long at 0.28288; the price is now at 0.42526, and the profit is already +1239.83%. This move is a textbook example of sweeping out panic, then pulling price higher.
Back then, a lot of people panicked when they saw the pin, thinking it would keep dumping lower. But the key is right here: once the critical level got swept, trading didn’t keep expanding—instead, it quickly pulled back. This is already clearly not just a case of weakness; it’s liquidty hunting. Whoever got scared out is the one most likely to miss the next leg.
I didn’t rush to add to this position. I first watched how strong the pullback/reversion was, and then checked the support and follow-through above. The move extending is now obvious. For brothers with larger positions, you can take profit in 70% portions, and keep the remaining 30% with a protection stop set. Protect the profit first, then we can talk about the bigger picture.
As long as ALLO doesn’t drop back into the key range, the bullish rhythm is still there. If you didn’t catch it, don’t chase— the more it rises, the easier it is to get messy. Wait for the next time at a more comfortable entry.
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