$ALLO breaks 0.15 Support - Risk or Golden Opportunity? 📉🧐
The market just saw $ALLO hit 0.1497, officially breaking the psychological support at 0.15. However, before panic selling, let's look at the technical indicators:
1️⃣ RSI Oversold: On the 4H/1D timeframe, RSI has dropped deep into the oversold zone. Theoretically, this often signals an upcoming technical bounce.
2️⃣ Market Sentiment: Fear is dominating as the price breaks the bottom. "Bottoms" are often formed when the crowd is most fearful.
⚠️ Cautious Strategy:
Even though the indicators look good, absolutely DO NOT "All-in" to catch the falling knife right now.
Watch zone: 0.145 - 0.149.
Wait for a confirmation candle (rejection wick) before entering.
Any $ALLO holders here? Are you buying the dip or cutting losses? 👇
#ALLO #$AI #Binance #Trading #Crypto$
