$ALLO strikes the key level 0.2694 — right now the price is testing it for the fifth time in the last half hour.
Market activity is at its peak: x9.89 over five minutes, but there’s still no sign of either a breakout or a bounce. The VWAP at 0.2707 is hanging like a marker between the current price and resistance at 0.2767.
So what does this mean? The market wants to break through—just not aggressively. If it holds above 0.2694 at least on a candle close, you can expect a move toward 0.2767.
Market activity is at its peak: x9.89 over five minutes, but there’s still no sign of either a breakout or a bounce. The VWAP at 0.2707 is hanging like a marker between the current price and resistance at 0.2767.
So what does this mean? The market wants to break through—just not aggressively. If it holds above 0.2694 at least on a candle close, you can expect a move toward 0.2767.