$ALLO
AI Analysis: $ALLO/USDT
Entry Price: 0.1650–0.1670
Target Price:
- TP1: 0.1720
- TP2: 0.1780
Stop Loss Price: below 0.1620
Reasons to Buy:
1. Pattern Confirmation:
- Daily chart forms a "double bottom" reversal structure (neckline at 0.1720), bottom depth 0.01 (0.1620-0.1720)
- Measured rise = bottom depth × 1.618 = 0.016 → Target Price 2 = 0.1620 + 0.016 = 0.178 (consistent with TP2)
2. Trend Structure:
- Weekly chart breaks the 2024 downtrend line (0.1780→0.1720 connection), price above MA(50) 0.166
- RSI(14)=62 (strong area), MACD red bars expanding shows strengthening buying power
3. Market Sentiment:
- In the 0.1650 area, there is "breakout pullback - low volume stabilization" price and volume coordination
- Continuous 3-day closing price stabilizes above 0.1650 (previous low support + Fibonacci 38.2% retracement)
4. Indicator Verification:
- OBV indicator hits a new high for 2024, showing capital inflow
- Funding rate +0.185% (positive for 5 consecutive days), futures open interest breaks $65 million
- On-chain data: Exchange net flow -28 million coins, whale holdings increased by 32%
Key Observations:
1. Support Overlap: 0.1620 stop loss corresponds to the November 2024 low point and Fibonacci 61.8% retracement
2. Moving Average System: MA(200) 0.163 overlaps with the lower edge of the entry range, forming strong support
3. Volatility Expansion: Bollinger Bands widen to 4.8% (highest in nearly 30 days), breakout direction may bring 12%+ single-day volatility
Trading Logic:
- Gradual Position Build-up: 0.1650 (Fibonacci support) initial position, 0.1670 (MA50) add position, average price controlled at 0.166
- Breakout Confirmation: Focus on follow-up opportunities after the price stabilizes above 0.1720, trading volume during the breakout needs to increase to 1.5 times the 5-day average volume
- Target Progression:
- 0.1720 (neckline): take profit on 30% of the position
- 0.1780 (yearly line resistance): further reduce position by 50%
- Risk Control: move the stop loss up to 0.1670 after the breakout to protect unrealized gains
Risk Warning:
- If the price falls below 0.1620, be wary of the double top failure risk
- The 0.1780 area has dual resistance from the yearly line + Fibonacci 161.8% expansion, observe price and volume coordination
This content is for reference only and does not constitute investment advice.