$ALLO Mean Reversion Spring Setup
$ALLO is showing a classic mean reversion spring after extended downside pressure. Price has dipped into a demand-heavy zone where selling momentum is fading, suggesting potential absorption and a relief bounce. As long as price holds above the invalidation level, the setup favors a controlled move back toward prior resistance levels.
Trade Plan
Entry Zone: 0.0628 – 0.0638
Target 1: 0.0660
Target 2: 0.0695
Target 3: 0.0740
Stop Loss: 0.0605
Risk is clearly defined, with upside offering a favorable reward profile if buyers continue to defend this base.
Start the trade here 👇
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