【$ALLO Signal】Long - 1H violent surge followed by strong consolidation, waiting for a second breakout

$ALLO The 1H timeframe has experienced a massive bullish candle (over 30% increase) and is currently consolidating strongly at a high level, with the price tightly hugging above the EMA20_1H (0.1184), refusing to undergo a deep correction. The 4H timeframe has confirmed a breakout from the previous consolidation zone, forming a strong upward trend. Currently, the order book depth is noticeably thick (depth imbalance +7.53%), and open interest (OI) remains stable, indicating that major funds are still active in the market. This is not simply a short squeeze but an organized short covering rally.

🎯Direction: Long (Long)

🎯Entry/Order: 0.1480 - 0.1490 (Reason: The lower boundary of the current strong consolidation zone, close to the 1H EMA20 dynamic support )

🛑Stop Loss: 0.1410 (Reason: Falling below the starting point of the massive bullish candle and the 4H EMA20 support indicates the short-term trend is invalid )

🚀Target 1: 0.1600 (Reason: Psychological level and 1.272 Fibonacci extension )

🚀Target 2: 0.1750 (Reason: Next wave target based on ATR measurement )

🛡️Trade Management:

- Position Size Recommendation: Light (Reason: Daily gains are already significant, volatility is extremely high, risk and reward coexist )

- Execution Strategy: After the price reaches 0.1600, reduce position by 50% to lock in profits, and move the stop loss of the remaining position up to the entry price of 0.1490. If the price cannot hold above 0.1490 and falls back, strictly execute the stop loss without holding the position.

Depth Logic: RSI_1H is at 87, in an extremely overbought state, which is characteristic of a hot coin's strength but also a risk signal. Therefore, a small position with tight stop loss is necessary. The key point is whether the price can turn over above 0.148. The 1H EMA20 is the lifeline; as long as the price consolidates above it without breaking below, it indicates strength. Stable open interest rather than declining suggests this is not just a pump-and-dump, and there is still upward momentum. The accumulation of buy orders in the order book provides immediate support for the price.

View real-time market 👇 $ALLO

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