allocrypto

🔥 $ALLO Coiling at Resistance — Breakout Loading or Rejection Ahead?
📊 Market Bias: Bullish
$ALLO has recovered strongly from its recent swing low and is now consolidating above key moving averages. The 4H structure remains constructive, but price must decisively clear overhead resistance to extend higher.

🎯 Trade Setup
Direction: LONG (Prefer breakout or pullback confirmation)
Entry Zone: 0.3500 – 0.3560
Stop Loss: 0.3380
TP1: 0.3730
TP2: 0.3920
TP3: 0.4200

Risk : Reward: 1 : 2.8
Trade Invalidation: 4H candle close below 0.3380 or loss of the recent higher-low structure.

📈 Technical Analysis
Price has formed a higher high and higher low, confirming a bullish 4H market structure.
Trading above MA(7), MA(25), and MA(99), signaling buyers remain in control.
Current consolidation below 0.3730 suggests accumulation before the next directional move.
Strong rebound from the 0.2236 swing low indicates aggressive demand.
Immediate support lies at 0.3500–0.3450, while 0.3730 is the key breakout resistance.
Volume expanded during the recovery and has since cooled, typical of healthy consolidation.
From an SMC perspective, price is holding above the recent demand zone; a breakout above resistance could trigger another liquidity expansion.
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