Watching $ALLO closely as it approaches a potential rebound zone
As long as $ALLO stays above 0.35, it could be primed for a bounce towards the resistance level, considering its current oversold state and the rising volume over the last 5 bars
Price is below both SMA7 and SMA25, last candle is bearish, volume is rising over the last 5 bars
A daily close under 0.35 breaks this setup and invalidates the long thesis
Are you looking to buy this dip on $ALLO or waiting for a clearer trend reversal signal?
As long as $ALLO stays above 0.35, it could be primed for a bounce towards the resistance level, considering its current oversold state and the rising volume over the last 5 bars
Price is below both SMA7 and SMA25, last candle is bearish, volume is rising over the last 5 bars
A daily close under 0.35 breaks this setup and invalidates the long thesis
Are you looking to buy this dip on $ALLO or waiting for a clearer trend reversal signal?