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$ALLO Short-term bullish.
The chart keeps stringing together green bars, and open interest is also continuing to rise. The bulls are clearly in control now. You can watch the entry range from 0.4433 to 0.4547. The upside target may be to test around 0.4734 to 0.4929. Place the defensive level at 0.4256.
However, be mindful of the risk: if volume can’t keep up, it may quickly pull back to support around 0.4500. Don’t go all-in and YOLO. Control your position size based on your account. In line with the trend, you can also look for upside opportunities for $BANK and $B .