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ALLO has recently formed a noteworthy technical pattern on the 4-hour K-line. From the current technical perspective, there is a strong short-selling signal accumulating here.
The entry idea is very clear — enter at the price of 0.101723876, with a suggested light position, maintaining about 0.7% of the total capital. Set the stop loss at 0.104745304, with risk control within 2.97%. This ratio is relatively conservative for short-term trading.
The targets are divided into three levels: the first at 0.097191733 (risk-reward ratio 1.5:1), the intermediate at 0.094170304 (risk-reward ratio 2.5:1), and if the market develops as expected, the final bearish target is 0.089638162, where the risk-reward ratio can reach 4.0:1. The signal's validity period is 8 hours, from issuance to expiration.
The technical support logic relies on several key points: this price level is itself a swing low point, tested 9 times in history, with a key level strength of 65%. The ADX strength reading is 47.9, indicating the market is currently in a relatively oscillating state, with moderate volume activity, clear volume contraction features, and a main volume ratio of only 0.1x. According to the Bollinger Bands( moving back to the mean), the upper band is at 0.107698286, the lower band at 0.095145991, and the Fibonacci 0.618 level is at 0.102903309.
Market sentiment shows a long-short ratio of 1.79:1, leaning towards bullishness. However, this mismatch could instead present a short-term shorting opportunity. The order book shows a buy-sell ratio of 1.08:1, indicating average market participation.
It should be noted that the signal strength score is 80/100, with an approximate success probability of around 49%. This is not a high-probability signal; it’s an opportunity but also requires proper stop-loss preparation. The crypto market itself is highly volatile, so strict position management and stop-loss discipline are essential; otherwise, even the best analysis is useless.