🚨 $ALLO / USDT PERP — SHORT SETUP ACTIVE 🚨
ALLO is trading inside a strong bearish market structure after a massive selloff, and every bounce is still being sold into.
📍 Key Zone: $0.172 - $0.175
❌ Invalidation:
A strong close above $0.199 will invalidate the bearish idea.
📉 Scenario:
If price rejects this resistance area and confirms weakness, downside liquidity becomes the target.
🎯 Targets:
TP1: $0.160
TP2: $0.150
TP3: $0.136
Current price action still favors sellers unless bulls can reclaim higher levels.
Risk management comes first.
If SL breaks, the setup fails and I'm out.
What's your view on ALLO here — more downside or surprise reversal? 👇
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Trade $ALLO Here 👇
ALLOUSDT
Perp
0.36819
+0.01%