$ALLO is still hugging the same support area after a rough spill, and the tape is getting interesting here 👀 At $0.2647, it’s only 7% above the 30d low but still 52% under the high, so this is very much a reset zone. The setup isn’t bullish yet, with price under the 20d and 50d MAs, but the 4h RSI at 35 and 8.8x normal volume say sellers may be exhausting. Shorts are even paying -0.011% funding. If this level keeps absorbing, the bounce trade stays alive. $ALLO #ALLO #Crypto #Binance

Inspired by CyberFlow Trading on Binance Square.