$ALLO
is setting up a big bullish trap but we will plan our big short here
Short $ALLO
Entry: 0.375 – 0.425
SL: 0.50
TP1: 0.345
TP2: 0.325
TP3: 0.295
TP4: 0.255
Why:
$ALLO has been on a strong uptrend, climbing from the 0.25664 area and now trading right around the 0.35463 resistance. If 0.34500 breaks, the pullback could extend toward the MA(25) around 0.33300, with 0.32900 and 0.31800 as further downside levels.
is setting up a big bullish trap but we will plan our big short here
Short $ALLO
Entry: 0.375 – 0.425
SL: 0.50
TP1: 0.345
TP2: 0.325
TP3: 0.295
TP4: 0.255
Why:
$ALLO has been on a strong uptrend, climbing from the 0.25664 area and now trading right around the 0.35463 resistance. If 0.34500 breaks, the pullback could extend toward the MA(25) around 0.33300, with 0.32900 and 0.31800 as further downside levels.
