$ALLO just made a huge move but the reaction from $0.3586 is the part Iâm watching now. đ
On the 4H chart, ALLO has been printing a clear series of higher highs and higher lows, moving from around $0.1974 all the way to $0.3586. The latest push broke above the previous $0.2603 area, but price was sharply rejected from $0.3586 and has pulled back toward $0.2984.
The key level now is $0.298â$0.300. Holding this area could keep the recent bullish structure intact. Above that, $0.3312 is the first major resistance, followed by the recent high at $0.3586.
For the bullish scenario, a strong reaction from $0.298â$0.300 followed by a reclaim of $0.3312 could open the way toward $0.3586 and potentially a new high. A possible conditional setup would be around $0.331â$0.333, with invalidation below $0.298, and targets around $0.3586, $0.375, and $0.390.
On the bearish side, if the current pullback breaks decisively below $0.298 and especially loses $0.2603, the recent breakout structure would weaken considerably. The next visible support areas are around $0.2603 and $0.2248.
Iâm watching how the 4H candles react around $0.298â$0.300 and whether buyers can reclaim $0.3312. A sustained break below $0.2603 would invalidate the current higher-high/higher-low structure.
Guys, follow for more chart analysis đ Iâll keep showing you exactly what the chart is telling us. đđ„
On the 4H chart, ALLO has been printing a clear series of higher highs and higher lows, moving from around $0.1974 all the way to $0.3586. The latest push broke above the previous $0.2603 area, but price was sharply rejected from $0.3586 and has pulled back toward $0.2984.
The key level now is $0.298â$0.300. Holding this area could keep the recent bullish structure intact. Above that, $0.3312 is the first major resistance, followed by the recent high at $0.3586.
For the bullish scenario, a strong reaction from $0.298â$0.300 followed by a reclaim of $0.3312 could open the way toward $0.3586 and potentially a new high. A possible conditional setup would be around $0.331â$0.333, with invalidation below $0.298, and targets around $0.3586, $0.375, and $0.390.
On the bearish side, if the current pullback breaks decisively below $0.298 and especially loses $0.2603, the recent breakout structure would weaken considerably. The next visible support areas are around $0.2603 and $0.2248.
Iâm watching how the 4H candles react around $0.298â$0.300 and whether buyers can reclaim $0.3312. A sustained break below $0.2603 would invalidate the current higher-high/higher-low structure.
Guys, follow for more chart analysis đ Iâll keep showing you exactly what the chart is telling us. đđ„
