$ALLO is flashing oversold, can we catch a dip?
If $ALLO can stay above the 0.2695, it looks like we're heading into a potential leg up with the market structure.
Last candle is a bull, indicating a potential reversal.
SMA7 is below the close at 0.2812, but above the close at 0.2694.
Near support at 0.2446 and false resistance above.
A daily close under 0.2446 would break this setup.
Where do you see $ALLO heading next?
If $ALLO can stay above the 0.2695, it looks like we're heading into a potential leg up with the market structure.
Last candle is a bull, indicating a potential reversal.
SMA7 is below the close at 0.2812, but above the close at 0.2694.
Near support at 0.2446 and false resistance above.
A daily close under 0.2446 would break this setup.
Where do you see $ALLO heading next?