bottomfish

$ALLO is trying to put in a bottom. Is the freefall over? 📈

After a brutal 90%+ crash, $ALLO is finally showing some stability. It's up 4.5% today and, more importantly, holding above a critical low. With a new campaign launched, could this be the spark for a relief rally?

Here’s the setup:

· Base Building: The price is consolidating just above $0.128, the recent absolute low. It’s forming what could be a base, which is the first step for any recovery.
· Neutral Momentum: The RSI is at 42, which is neutral. It’s not screaming “oversold bounce” anymore, but it has room to run if momentum picks up.
· Key Level to Watch: The price is battling the EMA(7) at $0.159. A clean break and hold above this could trigger a short-term move toward the next resistance.

🚀 Trade Idea (Speculative Bounce)

This is a high-risk play for a potential rebound, not a long-term hold.

· Entry Zone: $0.158 - $0.162 (On a confirmed move above the EMA(7))
· Stop-Loss: $0.125 (Below the recent swing low. If that breaks, the downtrend likely resumes.)
· Target 1: $0.189 (The EMA(25) - first major resistance)
· Target 2: $0.22 - $0.23 (Next resistance zone)

Risk vs. Reward:

· RRR: ~1:2 (if targeting $0.189) | **~1:3.5** (if targeting $0.23)
· Probability: Medium-Low. The trend is still bearish, but the consolidation and new campaign news add a potential catalyst. This is a speculative counter-trend play.

⚠️ Remember: This remains risky. Only use capital you can afford to lose, and wait for the price to confirm strength above $0.16 before considering an entry.

#ALLO #USDT #Trading #Crypto #SwingTrade #BottomFish

Summary for the Trader:

· Stop-Loss: $0.125
· Target: $0.189** (Primary) / **$0.22-0.23

0$ALLO