📉 $ALLO: Classic Liquidity Grab Rejection – Short Setup
The recent sharp vertical pump on $ALLO from $0.1615 to $0.2170 was a clear liquidity grab and a major profit-booking event. The critical sign is the immediate rejection: price failed to hold the $0.195–$0.198 resistance zone and is now printing lower highs. This confirms heavy seller entry post-pump.
This move has the hallmark of a hype-driven pump, meaning late buyers are now getting trapped. With no strong fundamental catalyst or ecosystem news to back sustained upside, this is purely speculative and vulnerable.
Key Levels:
Immediate Support: $0.176 – 0.173. A break here confirms the bearish extension.
Continuation Risk: The extent of this pullback will hinge on $ZEC and $ZEN stability.
The momentum direction is now down after rejection. This sets up a solid pullback continuation scalp. We are NOT looking for a fresh long here.
Trade Setup: Short Scalp
Entry Zone: $0.1820 – 0.1890
Target 1 (TP1): 0.1725
Target 2 (TP2): 0.1658
Stop Loss (SL): 0.1985
Execution: Book partial profit at TP1 and tighten the stop/trail to TP2 if the selling pressure accelerates.
Short #ALLO Here 👇👇
