$ALLO /USDT : The 4-hour chart is bearish, with the price below key moving averages. However, the 1-hour chart shows a temporary bounce above the EMA50, creating a selling opportunity. The trigger is the rejection now, indicated by an RSI drop below 50 on the 15-minute chart. This is a momentum shift to capture a resumption of the larger bearish trend. Enter a short position at the rejection on the 1-hour chart for a quick move to support levels.

Executable setup now (short)

Entry: market at 0.106434 – 0.107338

TP1: 0.104175

TP2: 0.103272

TP3: 0.101465

SL: 0.109596

#FOMCWatch #USJobsData #USChinaDeal $ALLO

ALLOUSDT

Perp

0.1116

-0.17%