$ALLO | ALLO is recovering toward a key trendline that previously acted as support and may now become resistance. After a sharp decline from the recent swing high, the current bounce looks more like a relief rally than a confirmed trend reversal. Waiting for price to retest the resistance zone instead of shorting immediately provides a stronger risk-to-reward setup. A rejection from this area could attract fresh selling pressure and continue the broader bearish structure.

LIMIT ORDER SHORT

Entry: $0.330–0.345

Take Profit Target:
TP1: $0.295
TP2: $0.265
TP3: $0.235
TP4: $0.205

Stop Loss: $0.356

For educational purposes only. Always DYOR, use proper risk management, and trade at your own risk. These are my personal market views, not financial advice.

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