$ALLO – BEARISH PULLBACK AFTER FAILED BREAKOUT
Price has sharply rejected the spike toward 0.2200 and $ALLO is now slipping back below intraday support, showing sellers stepping in aggressively after the volatility wick. The structure is weakening as candles print lower highs, suggesting momentum is shifting toward a corrective downside move.
Trade Setup (Short):
Entry Range: 0.1820 – 0.1880
Target 1: 0.1730
Target 2: 0.1650
Target 3: 0.1580
Stop Loss (SL): 0.1945
Market Outlook:
If the price continues failing to reclaim 0.1900, further downside pressure is likely as the breakout momentum fades and liquidity hunts complete.
