$ALLO just printed a sharp breakdown from the 0.122–0.120 supply zone and is now trading near 0.107, sitting below MA(7), MA(25), and MA(99). The move was impulsive, followed by a weak bounce — classic bearish continuation structure.

Key levels

Support: 0.105–0.104 (recent low zone). A clean loss opens room toward 0.100.

Resistance: 0.1085–0.110, then 0.112–0.113 (MA cluster / breakdown retest).

Bias

Below 0.110: Bearish / sell-the-rally.

Reclaim & hold above 0.113: Short-term relief bounce possible, otherwise trend remains down.

Trade idea (invalidation-based)

Short: 0.108–0.110

SL: Above 0.113

TP: 0.105 → 0.101

Momentum favors sellers unless price reclaims the MA cluster with volume. Keep risk tight.