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$ALLO Signal】Long | Healthy Pullback After Short Squeeze Initiation
$ALLO After nearly a 20% surge in a single day, the price is consolidating strongly above a key breakout level. The 4H chart shows consecutive volume-driven bullish candles, which is a typical pattern of a short squeeze initiation, not a top.
🎯 Direction: Long
🎯 Entry: 0.0775 - 0.0788 ( Previous high resistance turned support zone )
🛑 Stop Loss: 0.0740 ( Break below the previous 4H candle's low, rigid stop loss )
🚀 Target 1: 0.0850 ( Previous wave high )
🚀 Target 2: 0.0920 ( Daily Fibonacci 0.618 extension level )
Mark