$ALLO /USDT ā BEARISH TREND STILL IN PLAY DESPITE MINOR BOUNCE š»š
$ALLO /USDT has dropped sharply toward the $0.1296 low and is currently attempting a small relief bounce to $0.1317. However, the overall structure on the 15m timeframe remains bearish, with consistent lower highs and lower lows. The current bounce looks corrective rather than a reversal, and unless buyers break above the key resistance area, ALLO is likely to continue its downward momentum.
TRADE SETUP (SHORT ENTRY)
Entry Zone: $0.1325 ā $0.1340 (short on rejection from resistance)
Target 1: $0.1300
Target 2: $0.1290
Stop Loss: $0.1365 (above structural resistance and invalidation)
MARKET OUTLOOK
ALLO remains under bearish pressure, with sellers dominating after repeated failures to reclaim higher levels. A breakdown below $0.1296 could open the way toward deeper downside targets. Bulls must reclaim $0.134+ to show any signs of strength, but momentum currently favors the bears.
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buy and trade here on $ALLO
