$ALLO /USDT – Bearish Reversal Continues
Timeframe: 4H
Current Price: ~0.1167
Market Structure
ALLO has already completed a clear bearish reversal from the 0.124–0.130 supply zone. Price is printing lower highs and lower lows, confirming a bearish market structure.
The recent bounce from ~0.110 looks corrective, not impulsive — typical dead-cat bounce behavior inside a downtrend.
Key Levels
Major Resistance (Sell Zone): 0.120 – 0.125
Immediate Resistance: 0.118 – 0.120
Support 1: 0.112
Support 2: 0.108
Extended Support: 0.102
Trade Setup (Short Bias)
Entry (Sell on Pullback):
👉 0.118 – 0.123
Targets:
🎯 Target 1: 0.112
🎯 Target 2: 0.108
🎯 Target 3: 0.102
Stop Loss:
❌ Above 0.126 (structure invalidation)
Market Outlook
As long as ALLO remains below 0.120–0.125, bears remain in control. Any upside move into resistance should be treated as a sell-the-rally opportunity.
Only a strong 4H close above 0.126 would invalidate this bearish setup and shift the bias neutral.
