【$ALLO Signal】Long + 1H Strong Breakout, Capital-Driven Short Squeeze

$ALLO 1H Level Strong Volume Breakout Above Previous High, Price Creates Recent New High, Momentum Very Strong. 4H Level Has Formed Three Consecutive Bullish Candles, Breaking Through Downtrend Line, Trend Turns Bullish. Currently, Price is Trading Above the 1H EMA20, Indicating an Accelerated Phase After a Strong Breakout.

🎯Direction: Long (Long)

🎯Entry/Order: 0.1135 - 0.1145 (Reason: 1H EMA20 Support Zone and Pullback Confirmation After Breakout)

🛑Stop Loss: 0.1060 (Reason: Break Below Previous 4H Bullish Candle Low and ATR(14) One Times)

🚀Target 1: 0.1200 (Reason: Integer Level and Recent Uptrend Channel Upper Boundary)

🚀Target 2: 0.1280 (Reason: Based on 1.618 Fibonacci Extension of Recent Gains)

🛡️Trade Management:

- Position Suggestion: Light Position (Reason: 1H RSI has Reached 86.47, in Overbought Zone, Increasing Risk of Chasing High, but Momentum is Strong)

- Execution Strategy: After Reaching Target 1, Reduce Position by 50% to Lock in Profits, and Move Remaining Stop Loss to Entry Price. If Price Breaks Strongly Above 0.1200 and Stabilizes, Move Remaining Stop Loss to 0.1180 to Aim for Target 2.

Deep Logic: After a 20% Price Increase, Open Interest (Open Interest) Remains Stable and Has Not Significantly Decreased Due to Price Rise, Indicating Strong Bullish Confidence and Possibly Not Pure Short-Term Pump and Dump. Market Depth Shows Buy Orders Dense Below 0.114, Providing Immediate Support. The 1H Buy/Sell Ratio Remains Above 0.5, Indicating Dominance of Buyers. Coupled with Very Low Funding Rates, the Current Rise Supports a Short Squeeze. Risk lies in the 1H RSI Being Severely Overbought, Caution for Rapid Pullback.

View Real-Time Market 👇 $ALLO

---

Follow me: Get More Real-Time Crypto Market Analysis and Insights! $BTC $ETH $SOL
‍#我在Gate广场过新年 #Gate广场发帖领五万美金红包