#美国政府关闭 ALLO Recent Market Trend Observation (Mid-November Analysis)

Let's start with the overall direction: this coin has been performing quite interestingly recently. After a surge in price, there was a pullback, indicating that there is indeed selling pressure above. However, the key support level has not been broken, and the overall trend is still upward, with bulls still holding strength.

A technical detail worth noting is that on the 1-hour chart, the MA144 and MA169 moving averages have been staying upward. These two moving averages are my trend anchors; as long as they remain stable, there's no need to panic over short-term fluctuations. The current pattern clearly favors the bulls.

As for how to operate?
Don't rush to chase the high. Wait for the price to retrace to near the MA144 or MA169, and observe whether the buying support is strong enough. If it holds, that's a good entry point. Also, pay attention to the trading volume—volume and price should move together for reliability; otherwise, oscillations and pullbacks might just trap you.

Specific reference levels: consider entering long positions in the 0.44-0.41 range, with targets first at 0.48-0.55. If a breakout occurs, there’s potential for 0.58, 0.65, or even 0.76.

By the way, recent movements of ZEC and UNI can also be correlated, as market sentiment sometimes moves in tandem.

In a choppy market, the most feared thing is impulsiveness. Wait for pullbacks, find support, and control your position size—these three strategies are still effective.