【$ALLO Signal】Long | Short Squeeze Initiation, Breakout and Pullback Confirmation

$ALLO After breaking through the key resistance and pulling back for confirmation, the market shows a typical short squeeze initiation pattern.

🎯 Direction: Long

🎯 Entry: 0.0800 - 0.0805

🛑 Stop Loss: 0.0770 ( Break below previous low and EMA20 support, rigid stop loss )

🚀 Target 1: 0.0850

🚀 Target 2: 0.0900

Logical Core: Price has stabilized above EMA20 (0.0696), confirming a trend reversal. The core drivers are negative funding rates (-0.0027%) and divergence with strong price increase, which is a classic short squeeze signal. Short sellers are forced to cover, providing additional momentum.

Market Analysis: On the 4H timeframe, after pulling back from the high of 0.0848, the price formed a healthy reset in the 0.0770-0.0810 range. Buying pressure is deeply imbalanced around 0.0800 (significant bid depth), indicating institutional accumulation. RSI (69.69) has corrected from overbought territory, preparing for a secondary rally. Open interest remains stable, not driven by major players unloading.

Key Levels: The previous high of 0.0848 is the first target. Breaking through will challenge 0.0900 (Fibonacci 38.2% retracement on the daily chart). Risk-reward ratio >2.0, with a clear mathematical advantage.

Trade here 👇 $ALLO

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