【$ALLO Signal】Long - 1H pullback confirmation, main force clearly intends to support the market
$ALLO The 1H timeframe experienced a sharp surge yesterday and is currently in a healthy pullback and consolidation phase. The price is oscillating within the 0.135-0.142 range, with the 1H EMA20 (0.1356) providing dynamic support. Looking at the 4H level, the price has stabilized above the EMA20 (0.1198), and the overall upward trend remains intact. The current pullback presents an excellent second entry opportunity. Market depth data shows strong buy-side support, open interest (OI) remains stable, and the main force has not exited the market.
🎯Direction: Long (Long)
🎯Entry/Order: 0.1355 - 0.1365 (Reason: Pullback to 1H EMA20 support zone and consolidation after yesterday’s breakout)
🛑Stop Loss: 0.1317 (Reason: Break below the 4-hour low and ATR lower band)
🚀Target 1: 0.1420 (Reason: Intraday previous high resistance and the 1-hour Fibonacci 0.618 retracement level)
🚀Target 2: 0.1480 (Reason: Resistance near yesterday’s high, risk-reward ratio >1.5)
🛡️Trade Management:
- Position size suggestion: Light position (Reason: Intraday volatility reaches 17%, prioritizing controlled risk)
- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price (break-even). If the price fails to break above 0.1420 and falls back to the entry zone, consider closing the position and observing.
Depth logic: After a 17% surge yesterday, open interest (OI) remains stable without significant decline, indicating that the bullish main force has not taken profits but is supporting the market at this price level. The 1H RSI (53.87) is in a healthy zone, leaving room for further upward movement. Market depth shows buy orders significantly outweigh sell orders (depth imbalance of 6.64%), with strong support below. Combining market logic indicating “price rising, consider open interest,” the current stable OI suggests main force is entering to support the market rather than a simple short squeeze rebound.
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TheManFromQiWorries
· 7h ago
The Pi community is in an uproar! Influential figure Youlong has made a clear prediction: Pi Coin will drop below the $0.1 mark. Do you agree with this assessment 💥?
【$ALLO Signal】Long - 1H pullback confirmation, main force clearly intends to support the market
$ALLO The 1H timeframe experienced a sharp surge yesterday and is currently in a healthy pullback and consolidation phase. The price is oscillating within the 0.135-0.142 range, with the 1H EMA20 (0.1356) providing dynamic support. Looking at the 4H level, the price has stabilized above the EMA20 (0.1198), and the overall upward trend remains intact. The current pullback presents an excellent second entry opportunity. Market depth data shows strong buy-side support, open interest (OI) remains stable, and the main force has not exited the market.
🎯Direction: Long (Long)
🎯Entry/Order: 0.1355 - 0.1365 (Reason: Pullback to 1H EMA20 support zone and consolidation after yesterday’s breakout)
🛑Stop Loss: 0.1317 (Reason: Break below the 4-hour low and ATR lower band)
🚀Target 1: 0.1420 (Reason: Intraday previous high resistance and the 1-hour Fibonacci 0.618 retracement level)
🚀Target 2: 0.1480 (Reason: Resistance near yesterday’s high, risk-reward ratio >1.5)
🛡️Trade Management:
- Position size suggestion: Light position (Reason: Intraday volatility reaches 17%, prioritizing controlled risk)
- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price (break-even). If the price fails to break above 0.1420 and falls back to the entry zone, consider closing the position and observing.
Depth logic: After a 17% surge yesterday, open interest (OI) remains stable without significant decline, indicating that the bullish main force has not taken profits but is supporting the market at this price level. The 1H RSI (53.87) is in a healthy zone, leaving room for further upward movement. Market depth shows buy orders significantly outweigh sell orders (depth imbalance of 6.64%), with strong support below. Combining market logic indicating “price rising, consider open interest,” the current stable OI suggests main force is entering to support the market rather than a simple short squeeze rebound.
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