$ALLO/USDT TECHNICAL ANALYSIS: BEARISH MOMENTUM CONTINUES $ALLO

​The $ALLO/USDT chart reveals a clear bearish structure characterized by a series of lower highs and lower lows. After failing to sustain levels above the 0.1248 resistance, the price has broken below key moving average supports, indicating that sellers are currently in control.

​The recent price action shows a consolidation near the local lows, but the lack of a strong bullish impulse suggests a continuation of the downward trend. Resistance is firmly established at the 0.1150 zone, and as long as the price remains below this level, the path of least resistance is toward the downside.

​TRADING STRATEGY

​DIRECTION: BEARISH / SHORT

​Take Profit 1: 0.1035

​Take Profit 2: 0.0980

​Take Profit 3: 0.0920

​Stop Loss: 0.1185

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