
Post
$ALLO
Technical analysis of ALLOUSDT 4H frame
● Current price: 0.1892 USDT, up more than 11% in 24 hours, shows that buying force is returning after a period of accumulation around the 0.16–0.17 area.
● After creating a short-term bottom at 0.1617, the price formed a gradually increasing candlestick chain and just broke out of the short-term accumulation area.
● MA5 (0.1774) and MA10 (0.1767) were below the price, acting as close support. This is a positive signal for the short-term trend.
● However, the price is still below MA20 (0.2022) and MA30 (0.2203), indicating that the medium-term trend has not completely reversed.
Important areas
● Near support: 0.180 - 0.175 USDT
● Strong support: 0.162 – 0.167 USDT
● Close resistance: 0,200 - 0,205 USDT (comper to MA20)
● Strong resistance: 0.220 – 0.225 USDT (the same as MA30)
Scenario
● If the price stays above 0.18 and the volume continues to improve, ALLO is likely to test the area of 0.20–0.22 USDT.
● If rejected at 0.20, the price can return to test the 0.175–0.18 USDT area before determining the next trend.
Assessment: The short-term signal is leaning towards the price increase, suitable for the buying strategy when the price adjusts to support, but it is necessary to monitor the reaction at the resistance area of 0.20–0.22 USDT because this is the area that determines the possibility of the medium-term reversal.

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