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$ALLO
A short liquidation on ALLO suggests bearish positions were forced to close, injecting buying pressure into the market. The $2.53K liquidation supports a bullish short-term outlook, especially if price continues holding above the current demand zone.
EP
$0.4750 – $0.4820
TP
TP1: $0.4950
TP2: $0.5100
TP3: $0.5300
SL
$0.4680
Support: $0.4720 – $0.4750
Resistance: $0.4950 – $0.5100
Next Target: $0.5300 if ALLO secures a breakout above $0.4950 with rising volume and continued buying momentum.
Price remains above an important support area despite recent volatility. A decisive move through resistance could accelerate upside toward the next liquidity zone.
$ALLO