That 24h volume spike and rejection off 0.28180? Classic distribution signal.
$ALLO /USDT — SHORT
Trade Plan
Entry: 0.2780 – 0.2800 (current zone)
SL: 0.2830 (above the 24h high & structure)
TP1: 0.2700
TP2: 0.2640 (24h low)
TP3: 0.2550
Why this setup?
Price slammed into the 0.28180 high twice and rolled over with declining momentum on the 1H. Volume pumped 130M but couldn't hold gains—that's trapped buyers. The 4H structure shows lower highs forming after a parabolic 243% run, and the -6.83% weekly tells me this move is losing steam.
I'm shorting the exhaustion until bulls prove they can hold above 0.2820 with conviction. $ALLO
$ALLO /USDT — SHORT
Trade Plan
Entry: 0.2780 – 0.2800 (current zone)
SL: 0.2830 (above the 24h high & structure)
TP1: 0.2700
TP2: 0.2640 (24h low)
TP3: 0.2550
Why this setup?
Price slammed into the 0.28180 high twice and rolled over with declining momentum on the 1H. Volume pumped 130M but couldn't hold gains—that's trapped buyers. The 4H structure shows lower highs forming after a parabolic 243% run, and the -6.83% weekly tells me this move is losing steam.
I'm shorting the exhaustion until bulls prove they can hold above 0.2820 with conviction. $ALLO