$ALLO /USDT BEARISH CONTINUATION – SELL THE RALLIES AS MOMENTUM STAYS WEAK
$ALLO /USDT is showing bearish pressure after facing rejection from the 0.114–0.117 resistance zone and printing lower highs. Price is currently trading below key intraday resistances (0.1083–0.1112), indicating sellers are in control. Unless the price reclaims these levels with strong volume, the next move is likely a continuation toward lower support zones.
📉 Immediate Market Move (Explanation)
The recent pullback from the upper range, combined with declining momentum and sustained trading below resistance, suggests downside continuation. Buyers appear weak, and any short-term bounce is likely to be corrective rather than a trend reversal.
🎯 Trade Setup (SHORT)
Entry (Short): 0.1080 – 0.1100 (near resistance)
Target 1 (TP1): 0.1035
Target 2 (TP2): 0.1000
Target 3 (TP3): 0.0965
Stop Loss (SL): 0.1145 (above resistance & invalidation zone)
🔍 Key Levels
Resistance: 0.1083 – 0.1112 – 0.1141
Support: 0.1038 – 0.1000 – 0.0965
🌍 Short Market Outlook
Overall sentiment remains cautiously bearish in the short term. As long as ALLO/USDT stays below the 0.114 resistance, sellers may continue to dominate. A confirmed breakout above resistance would be needed to shift bias back to bullish.
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