【$ALLO Signal】Short squeeze continues, 1H level strongly retests, targeting a second surge

$ALLO The 1H level is undergoing a strong sideways consolidation after a historic surge. The current price is building a support level around 0.166. The 1H candlestick quickly rebounds after retesting the EMA20 (0.1264), indicating strong buying interest. The 4H level sees a massive bullish breakout above all moving averages, completely reversing the trend. Open interest remains high, and the funding rate is healthy. This is a typical structure of major players supporting the market after a rally, aiming to clear out floating positions and prepare for a second upward move.

🎯Direction: Long (Long)

🎯Entry/Order: 0.1640 - 0.1660 (Reason: The 1H strong consolidation zone’s lower boundary, with EMA20 dynamic support moving upward )

🛑Stop Loss: 0.1580 (Reason: Break below the current 1H consolidation platform’s low and the 0.382 Fibonacci retracement of the previous rally )

🚀Target 1: 0.1800 (Reason: Psychological resistance at an integer level and previous high )

🚀Target 2: 0.2000 (Reason: Based on the breakout structure’s 1.618 Fibonacci extension level )

🛡️Trade Management:

- Position size suggestion: Light (Reason: Intraday volatility is extremely high, risk is amplified )

- Execution strategy: Use staggered take profits. Close 50% after reaching Target 1, and move the remaining stop loss up to the entry price. If the price strongly breaks through 0.1800, move the remaining stop loss up to 0.1720 to aim for Target 2.

Deep logic: Over the past 4 hours, trading volume has exploded, yet the price remains stable at high levels. This signals strong bullish control. Market depth shows buy orders (around 0.1655) are unusually thick, forming a “city wall,” while selling pressure is relatively dispersed. Although the 1H RSI is in overbought territory, in the context of Hot Coin’s short squeeze, this is normal and should not be used as a sole shorting signal. The core logic is that major players have not exited; they are using sideways consolidation to replace deep retracements, and a second wave of attack could happen at any time.

Check real-time market 👇 $ALLO

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