I'm watching $ALLO here... and I think the bears still have the upper hand. 👀📉
The recent bounce hasn't convinced me.
Instead, I'm looking for a short if this resistance continues to hold.
🔴 $ALLO — SHORT SETUP
📍 Entry: 0.2510 – 0.2525
🛑 Stop Loss: 0.250
🎯 TP1: 0.250
🎯 TP2: 0.2490
🎯 TP3: 0.2470
Trade $ALLO here 👇
Here's why I'm interested...
Price has pushed back into a resistance area after rejecting the recent highs, but buyers haven't been able to build enough momentum to break through.
On top of that, selling pressure is starting to pick up again, which makes this zone worth watching.
I'm not shorting blindly.
I want the market to keep respecting this resistance before letting the trade play out.
If buyers reclaim the level and invalidate the setup, I'll take the stop and move on.
Now let me ask you...
Are you fading this bounce with me, or do you think buyers are about to flip the trend? 👇💭
The recent bounce hasn't convinced me.
Instead, I'm looking for a short if this resistance continues to hold.
🔴 $ALLO — SHORT SETUP
📍 Entry: 0.2510 – 0.2525
🛑 Stop Loss: 0.250
🎯 TP1: 0.250
🎯 TP2: 0.2490
🎯 TP3: 0.2470
Trade $ALLO here 👇
Here's why I'm interested...
Price has pushed back into a resistance area after rejecting the recent highs, but buyers haven't been able to build enough momentum to break through.
On top of that, selling pressure is starting to pick up again, which makes this zone worth watching.
I'm not shorting blindly.
I want the market to keep respecting this resistance before letting the trade play out.
If buyers reclaim the level and invalidate the setup, I'll take the stop and move on.
Now let me ask you...
Are you fading this bounce with me, or do you think buyers are about to flip the trend? 👇💭