đ Quick Scalp Short Setup â $ALLO
$ALLO is approaching an important resistance area around $0.29, and Iâm watching for a rejection that could open the door to a move lower.
đ Entry: $0.285â$0.295
đŻ TP1: $0.275
đŻ TP2: $0.265
đŻ TP3: $0.252
đŻ TP4: $0.240
đ SL: $0.320
Why Iâm watching this setup:
⢠$0.29 is acting as a key resistance zone.
⢠A rejection here could bring in more selling pressure.
⢠A break below $0.275 would strengthen the bearish continuation setup.
⢠$0.265 and $0.252 are the next areas Iâm watching for support/liquidity.
⢠A sustained move above $0.310 would invalidate the short idea.
â ď¸ Risk management: 20x leverage is extremely risky. Keep your position size small, use a stop-loss, and avoid revenge trading or chasing the move.
Trade smart â the market always gives another opportunity. đ
#ALLO
$ALLO is approaching an important resistance area around $0.29, and Iâm watching for a rejection that could open the door to a move lower.
đ Entry: $0.285â$0.295
đŻ TP1: $0.275
đŻ TP2: $0.265
đŻ TP3: $0.252
đŻ TP4: $0.240
đ SL: $0.320
Why Iâm watching this setup:
⢠$0.29 is acting as a key resistance zone.
⢠A rejection here could bring in more selling pressure.
⢠A break below $0.275 would strengthen the bearish continuation setup.
⢠$0.265 and $0.252 are the next areas Iâm watching for support/liquidity.
⢠A sustained move above $0.310 would invalidate the short idea.
â ď¸ Risk management: 20x leverage is extremely risky. Keep your position size small, use a stop-loss, and avoid revenge trading or chasing the move.
Trade smart â the market always gives another opportunity. đ
#ALLO