Trade Update: Adding to $ALLO Short
ALLO
0.2708
+17.28%
I'm taking a second short position on $ALLO as the bearish structure remains intact and downside momentum continues to favor sellers.
🎯 Take Profit Levels:
✅ TP1: $0.18
✅ TP2: $0.16
🛑 Stop Loss: $0.28
Price action continues to show weakness, and until buyers reclaim key resistance levels, the path of least resistance appears to be lower. As long as the current market structure remains unchanged, I prefer staying with the short-side bias.
Risk management remains the priority protect capital and let the market do the work.