【$ALLO Signal】Pullback to buy! 1H pullback confirmation, main force clearly intends to support the market

$ALLO The 1H level, after experiencing a massive surge, is undergoing a healthy correction, with the price gaining initial support above EMA20 (0.1304). The 4H chart shows a long upper shadow, indicating selling pressure above, but the overall trend remains a strong consolidation after a breakout. Currently, the 1H RSI (61.73) is pulling back from high levels, preparing for another upward push. Open interest remains stable, and the price has not experienced a waterfall decline, indicating that the main capital has not exited the market, which is a typical high-level shakeout and distribution.

🎯Direction: Long (Long)

🎯Entry/Order: 0.1350 - 0.1365 (Reason: 1H EMA20 support zone and dense area of previous hour’s low points )

🛑Stop loss: 0.1320 (Reason: Break below 1H support and ATR lower band )

🚀Target 1: 0.1450 (Reason: Previous high resistance and psychological level )

🚀Target 2: 0.1520 (Reason: 1.618 Fibonacci extension level, corresponding to yesterday’s high area )

🛡️Trade Management:

- Position suggestion: Light position (Reason: Extremely high volatility, over 24% increase in 24 hours, strict risk control needed )

- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the stop loss of the remaining position to the entry price (break-even). If the price strongly breaks through 0.1450, consider aiming for 0.1520 with the remaining position.

Deep logic: A massive bullish candle on the 4H chart (volume surge) confirms a trend reversal, a clear signal of main force entering. Although the latest 4H candle closed lower, volume contracted, indicating a volume-reducing correction. Market depth shows sell orders (asks) stacking above 0.1372, but buy orders (bids) are also substantial in the 0.1369-0.1370 range, forming a short-term standoff. Market logic suggests the price will rise, and combined with stable and high open interest, this looks more like bullish main force digesting profit-taking rather than a bearish dump. If the 1H can hold above EMA20, the probability of a second upward attack is very high.

Check real-time market 👇 $ALLO

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