Trading Plan Short $ALLO
$ALLO just lost its 1H EMA21 and EMA50, showing weakness after a slight bounce.
Entry: $0.2516-$0.2546
Stoploss: $0.2605
Targets: $0.2485 / $0.2405 / $0.2305
ALLO couldn't reclaim 0.255 after the last 4h candle close. Price is now below EMA50, and the BBs are squeezing on 1H, suggesting a move is coming. Taker sell volume is aggressive, and retail shorts are still stacked, but top traders are long, which smells like a trap. If ALLO reclaims $0.2605, this short is dead.
Trade $ALLO here đ
$ALLO just lost its 1H EMA21 and EMA50, showing weakness after a slight bounce.
Entry: $0.2516-$0.2546
Stoploss: $0.2605
Targets: $0.2485 / $0.2405 / $0.2305
ALLO couldn't reclaim 0.255 after the last 4h candle close. Price is now below EMA50, and the BBs are squeezing on 1H, suggesting a move is coming. Taker sell volume is aggressive, and retail shorts are still stacked, but top traders are long, which smells like a trap. If ALLO reclaims $0.2605, this short is dead.
Trade $ALLO here đ
