$ALLO /USDT : The 4H chart is bearish with price below key EMAs, but the 1H is showing a weak bounce. The 15m RSI is under 50, signaling short-term momentum is fading. A SHORT entry triggers on a break below the 1H low of 0.107831, targeting the 0.1055 support zone. The setup is to fade this bounce within the larger downtrend. Why now? The bounce is losing steam, offering a high-probability entry to rejoin the 4H bearish move.
Actionable Setup Now (SHORT)
Entry: market at 0.107831 – 0.108769
TP1: 0.105486
TP2: 0.104548
TP3: 0.102672
SL: 0.111114