$ALLO – Short position when the rebound is weakening

• The 4H frame is still declining: the price is below important MA lines → the main trend is bearish.

• On the 1H frame, the price is experiencing a short-term rebound above EMA50 → this is a technical rebound, not a reversal.

• When the RSI on the 15m frame falls below 50, it is a sign that the rebound has failed and selling pressure is returning.

• The area around 0.1091 is a suitable zone to consider selling according to the downtrend.

📉 Proposed SHORT position

• Entry: market order in the range of 0.108633 – 0.109669

• Take profit:

• TP1: 0.106046

• TP2: 0.105011

• TP3: 0.102941

• Stop Loss: 0.112256

ALLOUSDT

Perp

0.1134

+1.88%