$ALLO Signal | Sell order depth is pressing but price remains firm, short-term bulls are targeting

$ALLO Sell order depth far exceeds buy order depth, with an imbalance of -40.51%, yet the price is holding around 0.0909. The 1H MACD just formed a death cross, with the histogram turning negative, but the 4H bullish trend framework remains intact, and the middle Bollinger band at 0.0868 is trending upward. The 1H RSI at 54.98 is still neutral to slightly high, funding rate at 0.005% is negligible, and open interest remains stable without panic selling. Currently, bulls and bears are locked in a tug-of-war, with buy orders providing strong support, the risk-reward ratio is acceptable, and the entry zone is less than 1% from the stop-loss, making it worth a try.

🎯Direction: Long

⚡Entry/Order: 0.0906871 - 0.0909600

🛑Stop-loss: 0.0900504

🚀Target 1: 0.0923244

🚀Target 2: 0.0930066

🛡️Trade management:
- Execution strategy: After reaching Target 1, reduce position by 50%, and move the stop-loss to break-even. If the price falls back to the entry level, automatically exit to protect capital.

The narrowing of the 4H MACD bars indicates a slowdown in upward momentum, but several consecutive 4H candles closing above EMA20 show strong buying support. The 1H shows a high-level pullback but volume has not increased, with selling pressure quickly absorbed. There is a cluster of support orders around 0.0905 below, protected by funds. The current price is just one step away from the 4H Bollinger upper band at 0.0926; a volume breakout could accelerate the upward space.

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