AI Analysis: $ALLO/USDT

Entry Price: 0.1650–0.1670
Target Price:

- TP1: 0.1720
- TP2: 0.1780
Stop Loss: 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 upside = bottom depth × 1.618 = 0.016 → Target 2 = 0.1620 + 0.016 = 0.178 (matches TP2)
2. Trend Structure:
- Weekly chart breaks above 2024 downtrend line (0.1780→0.1720), price stands above MA(50) 0.166
- RSI(14) = 62 (strong zone), MACD bullish histogram expanding, indicating strengthening bulls
3. Market Sentiment:
- “Breakout retest–volume contraction stabilization” observed around 0.1650 zone
- Closing price held above 0.1650 for 3 consecutive days (previous low support + Fibonacci 38.2% retracement)
4. Indicator Confirmation:
- OBV indicator hits a new high for 2024, indicating capital inflow
- Funding rate +0.185% (positive for 5 days straight), futures open interest exceeds $65 million
- On-chain data: Exchange net outflow -28 million tokens, whale holdings increase by 32%

Key Observations:

1. Support Overlap: 0.1620 stop loss aligns with November 2024 low and Fibonacci 61.8% retracement
2. Moving Average System: MA(200) 0.163 coincides with lower edge of entry range, forming strong support
3. Volatility Expansion: Bollinger band width expands to 4.8% (30-day high), breakout direction may bring 12%+ daily volatility

Trading Logic:

- Scale in: First entry at 0.1650 (Fibonacci support), add at 0.1670 (MA50), average cost controlled at 0.166
- Breakout Confirmation: Watch for opportunities after price holds above 0.1720, breakout should be accompanied by volume at least 1.5x 5-day average
- Progressive Targets:
- 0.1720 (neckline): Take profit on 30% position
- 0.1780 (annual resistance): Reduce another 50%
- Risk Control: After breakout, move stop loss up to 0.1670 to protect floating profit

Risk Warning:

- If price drops below 0.1620, beware of failed double bottom risk
- The 0.1780 area faces both annual line and Fibonacci 161.8% extension resistance, watch for volume-price confirmation

This content is for reference only and not investment advice.