$ALLO / USDT — Clear selling pressure and preparation for a new drop 👇🔥
On the daily frame, the price is still confined within a sideways range… but the picture becomes clearer the further we go down to smaller frames:
4H & 1H: the trend is weak and negative.
1H: the price is trading below important moving averages, indicating that sellers are in complete control.
The hourly RSI is at 37.9 — a strong oversold area, which means that the downward momentum is still active.
The most dangerous scenario?
Breaking the last low on the hourly frame could open up a new wave of decline.
And while the 15-minute frame keeps the RSI below 50… this is usually a perfect entry signal for a Short.
🔥 Active trade now (SHORT)
🎯 Entry (Market):
0.130062 – 0.131338
🚀 Targets:
TP1: 0.126872
TP2: 0.125596
TP3: 0.123044
🛡️ Stop Loss:
0.134528
Selling pressure is increasing… and the technical structure supports continued decline as long as the price is below resistance areas.
