$ALLO / USDT — Range-Based Short Setup
ALLO is still moving sideways on the 4H chart, but the daily RSI is extremely oversold, showing the broader trend is already weak and vulnerable. On the 1H timeframe, price is slightly above the EMA50, yet this EMA remains below the EMA200 — a sign that the overall structure is still fragile and not truly bullish.
The short idea comes into play once short-term momentum fades. A 15-minute RSI drop below 50 would confirm that buyers are losing control, opening the door for another push lower inside the range.
Actionable Setup (SHORT)
Entry: 0.115788 – 0.117072
Targets:
TP1: 0.112577
TP2: 0.111292
TP3: 0.108723
Stop-Loss:
0.120284
Summary: Even though price is stabilizing short term, the bigger picture remains weak. A loss of intraday momentum is the signal to ride the next downside move, with risk clearly defined above resistance.
#USGDPUpdate #USCryptoStakingTaxReview #BTCVSGOLD #USJobsData #CPIWatch