The breakout came with real volume behind it, and ALLO isn't exactly whispering about buyer aggression.
$ALLO has already broken through resistance at 0.23357 with volume almost 4x the average, while the 15m and 1h structures are still forming higher-highs and higher-lows. OBV is also rising, and the 4h timeframe is still showing bullish pressure even though the broader structure isn’t fully tidy yet.
Entry: 0.23357 - 0.23750
TP1: 0.25295
TP2: 0.25846
SL: 0.23200
There is bearish RSI divergence on the 1h, but price momentum and volume still support the buyers’ side. As long as this breakout holds, ALLO has room to continue attacking the next resistance area.
$ALLO has already broken through resistance at 0.23357 with volume almost 4x the average, while the 15m and 1h structures are still forming higher-highs and higher-lows. OBV is also rising, and the 4h timeframe is still showing bullish pressure even though the broader structure isn’t fully tidy yet.
Entry: 0.23357 - 0.23750
TP1: 0.25295
TP2: 0.25846
SL: 0.23200
There is bearish RSI divergence on the 1h, but price momentum and volume still support the buyers’ side. As long as this breakout holds, ALLO has room to continue attacking the next resistance area.
