53 touches. That is how many 15-minute candles have traded into 0.28893 - and it is still holding.
ALLO is up 2.4% over 24h on 48.3M USDT of turnover, but the last 15m candle printed 0.57x its own 20-candle average volume. The bounce is being carried by fewer participants than the move suggests. On the 4h and 1d the EMA stack is still bearish (9<21<50), and price sits at 20.4% of its 1h range.
0.28893 is where $ALLO is decided - 53 measured touches, and the volume point of control sits right on it at 0.29022. Lose 0.2839, where 38 touches are stacked, and 0.2804 is the next measured floor.
The uncomfortable part: the 4h candle carried 3.11x average volume, the 1d 7.23x. That participation already happened, and it happened on the way down. What is left is a quieter retest.
Against the majors, $BTC and $SOL are setting the risk tone. An alt sitting at 20% of its 1h range does not lead, it follows.
Do you want the reclaim of 0.2959 (35 touches) first, or is 0.28893 holding enough?
#MarketSentimentToday #WhaleMovements
Analysis, not financial advice.
ALLO is up 2.4% over 24h on 48.3M USDT of turnover, but the last 15m candle printed 0.57x its own 20-candle average volume. The bounce is being carried by fewer participants than the move suggests. On the 4h and 1d the EMA stack is still bearish (9<21<50), and price sits at 20.4% of its 1h range.
0.28893 is where $ALLO is decided - 53 measured touches, and the volume point of control sits right on it at 0.29022. Lose 0.2839, where 38 touches are stacked, and 0.2804 is the next measured floor.
The uncomfortable part: the 4h candle carried 3.11x average volume, the 1d 7.23x. That participation already happened, and it happened on the way down. What is left is a quieter retest.
Against the majors, $BTC and $SOL are setting the risk tone. An alt sitting at 20% of its 1h range does not lead, it follows.
Do you want the reclaim of 0.2959 (35 touches) first, or is 0.28893 holding enough?
#MarketSentimentToday #WhaleMovements
Analysis, not financial advice.