#ALLO just put in one of the cleaner momentum reversals you’ll see on a 1D chart, and the screenshot tells the story without needing fancy indicators.
After a long bleed from the 0.11 area, price finally printed a clear base and then snapped upward hard. The low around 0.0453 looks like the “capitulation wick” moment where sellers got exhausted, liquidity got swept, and late shorts got baited. Since then, the structure has shifted from lower lows into higher highs, and that’s the first thing I care about when looking for a long.
Right now, is trading around 0.0942, up roughly +14% on the day, with a 24h high at 0.0972. That’s important because we’re not just grinding up slowly. This is a real impulse move, and impulse is what creates continuation setups.
What stands out on this chart
First, the moving averages are starting to flip in a bullish way.
MA(7) is around 0.0804
MA(25) is around 0.0753
Price is clearly above both, and MA(7) is rising sharply. When you see a strong reclaim of the short and mid moving averages after a deep downtrend, it usually signals that market control is changing hands.
Second, volume is the loudest confirmation here.
The recent green volume bars are noticeably bigger than the earlier chop volume, which suggests this move is not just a random bounce. It looks like accumulation turning into expansion.
Third, the zone around 0.086 to 0.088 matters more than people think.
That area is the “decision zone” where price paused before the latest push. If
$ALLO holds above it, buyers are in control. If it loses that zone, the move can quickly turn into a fake breakout.
Long trade signal (simple and actionable)
This is the long setup I would watch, based strictly on what the chart is showing.
Entry idea (safer):
Wait for a daily close above 0.0972 (the 24h high).
That confirms the breakout is real and reduces the chance of buying the top of a wick.
Entry idea (aggressive):
Buy a retest of the 0.0868 region if price dips and holds.
This is higher risk but gives better positioning if the pullback is clean.
Stop loss zone:
Below 0.0822 (24h low) for a tight invalidation.
If price loses that level, the breakout thesis is weakened and it’s no longer a clean continuation play.
Targets (realistic, based on structure):
TP1: 0.1018 (first major level above)
TP2: 0.1134 (previous supply area)
TP3: 0.1169 (upper resistance band on the chart)
The key takeaway
It’s in a trend transition, and those are the moves that can surprise people because the market goes from “dead” to “fast” very quickly.
The one thing I’d watch closely is how price behaves if it revisits the 0.086 to 0.088 area. If buyers defend it, the odds of a continuation push toward 0.10 and beyond improve a lot. If it breaks down, patience wins and the better long comes later.
Actionable takeaway: If you want the cleanest long, wait for a daily close above 0.0972, then look for continuation toward 0.1018 and 0.1134 while keeping risk tight below 0.0822.
#BinanceCreatorPad