$ALLO SHORTS ACTIVE AS RESISTANCE REJECTS BID 🔻📉
Short Entry: 0.2705 – 0.2743 🎯
Target 1: 0.2670 ✅
Target 2: 0.2630 ✅
Target 3: 0.2594 🎯
Stop Loss: 0.2752 🛑
The latest sweep into the 0.2740 region has been met with an immediate supply response, leaving a fresh footprint of institutional selling overhead. Price is now defending lower timeframe breakers, and each retest of the zone is compressing the range in favor of continuation.
Smart money is clearly leaning on these resistances to offload inventory, with the rejection suggesting that liquidity above the 0.2750 ceiling remains untouched. As long as we stay below that level, the path of least resistance points toward the demand pools at 0.2670, then 0.2630, and finally the deeper discount at 0.2594.
The question now is whether the bears can hold this line on a retest, or if a swift reclaim shifts the narrative entirely. Are you waiting for confirmation before committing to the short?
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #ALLO #Crypto #Trading #ShortSetup
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Short Entry: 0.2705 – 0.2743 🎯
Target 1: 0.2670 ✅
Target 2: 0.2630 ✅
Target 3: 0.2594 🎯
Stop Loss: 0.2752 🛑
The latest sweep into the 0.2740 region has been met with an immediate supply response, leaving a fresh footprint of institutional selling overhead. Price is now defending lower timeframe breakers, and each retest of the zone is compressing the range in favor of continuation.
Smart money is clearly leaning on these resistances to offload inventory, with the rejection suggesting that liquidity above the 0.2750 ceiling remains untouched. As long as we stay below that level, the path of least resistance points toward the demand pools at 0.2670, then 0.2630, and finally the deeper discount at 0.2594.
The question now is whether the bears can hold this line on a retest, or if a swift reclaim shifts the narrative entirely. Are you waiting for confirmation before committing to the short?
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #ALLO #Crypto #Trading #ShortSetup
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