$ALLO is hitting a brick wall after a sharp rally. Sellers are starting to take back control.🩸

$ALLO SHORT

Entry: 0.137 – 0.143

TP1: 0.122

TP2: 0.105

SL: 0.157

Surged into a major fair value gap and a previous breakdown point, but the momentum is clearly stalling. We are seeing heavy rejection at these levels as buyers fail to push price any higher, leaving behind a series of long upper wicks. With liquidity resting much lower and the market structure showing signs of exhaustion, a reversal back toward the local support is the most likely next move.

Trade $ALLO

ALLO
ALLOUSDT
0.10467
-4.73%