📊 [TRADE SETUP] ALLO/USDT
$ALLO is currently consolidating around $0.29 after retracing from its peak. The 4H structural chart indicates that the $0.25 – $0.26 demand zone serves as solid support for a potential relief rally.
📍 Trade Plan:
• Entry: $0.255 – $0.265 (Wait for a retest of the support zone)
• Stop Loss: $0.235 (Below the previous low and recent long wick)
• Take Profit: $0.350 | $0.420
⚠️ Always set a hard Stop Loss to protect against sudden wick-downs.
$ALLO is currently consolidating around $0.29 after retracing from its peak. The 4H structural chart indicates that the $0.25 – $0.26 demand zone serves as solid support for a potential relief rally.
📍 Trade Plan:
• Entry: $0.255 – $0.265 (Wait for a retest of the support zone)
• Stop Loss: $0.235 (Below the previous low and recent long wick)
• Take Profit: $0.350 | $0.420
⚠️ Always set a hard Stop Loss to protect against sudden wick-downs.