【$ALLO Signal】Pullback to buy! 1H pullback confirmation, main force clearly intends to defend the market

$ALLO After experiencing a 21% surge yesterday, the 1H level is undergoing a healthy pullback and consolidation. The price is currently close to the 1H EMA20 (0.1114) and the 4H EMA20 (0.1075) above, which is a standard retracement action in a strong trend. After a volume breakout of the previous high on the 4H level, open interest remains stable, with no signs of large-scale profit-taking, indicating a clear intention by the main force to defend the market. The order book shows deep buy-side support, and the depth imbalance of -2.61% indicates limited selling pressure, preparing for another upward move.

🎯Direction: Long (Long)

🎯Entry/Order: 0.1115 - 0.1125 (Reason: 1H EMA20 support zone & 4H bullish candle body median )

🛑Stop loss: 0.1080 (Reason: Break below the key 4H support at 0.1103 and EMA20, structure broken )

🚀Target 1: 0.1185 (Reason: Previous high resistance level )

🚀Target 2: 0.1245 (Reason: 4H previous high and 1.618 Fibonacci extension level )

🛡️Trade management:

- Position suggestion: Light position (Reason: After a surge, this is a secondary game, control risk )

- Execution strategy: After entering, if the price reaches Target 1 smoothly, reduce position by 50% and move stop loss to entry price. Hold the remaining position for Target 2. If the price hovers in the entry zone for more than 2 consecutive 1H candles without advancing, consider actively exiting.

Depth logic: Open interest has remained stable over the past 24 hours and did not decline with the price pullback, indicating that bullish positions are not panicking and leaving the market, which is a strong signal. The 1H RSI (55.64) is healthy after a correction from the overbought zone, opening space for further upward movement. Combined with buy-side depth, there are massive buy orders accumulated in the 0.1100-0.1110 area below, forming a strong support. This is a typical “uptrend - consolidation - further uptrend” momentum structure, with the entry point at the pullback confirmation.

View real-time market 👇 $ALLO

---

Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
‍#我在Gate广场过新年 #比特币反弹