🔴 SHORT $ALLO
Trade Setup:
Entry Range: 0.3017 - 0.3140
SL: 0.3232
TP1: 0.2848
TP2: 0.2617
TP3: 0.2309
R:R: 1:5.0
Severe downtrend continuation unfolding on $ALLO . The local distribution phase is locked in, and sellers are aggressively crushing any attempts to bounce.
Price action rejected hard off local resistance, printing a textbook lower high on the structural chart. Bears are firmly in control as we head straight toward major macro liquidity pockets below.
⚠️ Risk: Crypto moves fast. Always protect with a stop loss. (NFA)
What's your target for $ALLO this week?