Trading Plan Short $ALLO
$ALLO just lost the 1H lower Bollinger Band after failing to reclaim EMA21.
Entry: $0.2700-$0.2780
Stoploss: $0.2895
Targets: $0.2600 / $0.2450 / $0.2200
ALLO is deep in bear territory across all timeframes, and sellers are aggressive. We swept 0.26697 support but didn't bounce, now trading below it. BB width expanding fast on the 1H, suggesting more downside. Retail is super short, but top traders are long, which sets up a nice flush for them. A clean reclaim of $0.2800 voids this short setup.
Trade $ALLO here 👇
$ALLO just lost the 1H lower Bollinger Band after failing to reclaim EMA21.
Entry: $0.2700-$0.2780
Stoploss: $0.2895
Targets: $0.2600 / $0.2450 / $0.2200
ALLO is deep in bear territory across all timeframes, and sellers are aggressive. We swept 0.26697 support but didn't bounce, now trading below it. BB width expanding fast on the 1H, suggesting more downside. Retail is super short, but top traders are long, which sets up a nice flush for them. A clean reclaim of $0.2800 voids this short setup.
Trade $ALLO here 👇
