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Is it just me, or is $ALLO trying to tell us something big is coming?
Looking at the daily chart, we've had a massive run from that 0.045 bottom. Right now we are sitting at 0.1267, and it looks like it's carving out a higher low. That previous wick up to 0.1698 showed there’s plenty of interest, but we need to see if this current consolidation has enough gas to push through the local resistance.
Volume is sitting around 13M, which isn't huge but it's steady. If we can flip this 0.13 area into solid support, we might be looking at another leg up. If not, I’ll be watching that 0.09 zone closely to see if buyers step back in.
I'm keeping a close eye on the candle closes today. It feels like one of those setups where patience pays off more than chasing the green.
#GateBlueLobster