$ALLO

ALLO

0.397

-7.97%

USDT BEARISH REVERSAL EXPECTED FROM KEY RESISTANCE ZONE

Market structure on lower and mid timeframes shows price approaching a strong supply area with repeated rejection pressure near recent highs, indicating potential exhaustion after a sharp impulsive move.

Short Position Setup

Entry: 0.4580 – 0.4650 (Resistance Rejection Zone)

Stop Loss: 0.4917

Take Profit Targets:

TP1: 0.4043

TP2: 0.3783

TP3: 0.3168

A breakdown from current supply zone may trigger momentum selling toward lower liquidity levels, while failure to reject may invalidate the setup.

Risk Management:

Risk only 1–2% per trade and avoid over-leveraging in volatile breakout conditions.

#ALLOUSDT #CryptoAnalysis #TechnicalAnalysis #BinanceToOpenXLMSpotTrading ForexCrypto #AltcoinTrading