As of
$ALLO , the edge is still on the sellers' side 📉
The hourly structure is weak; the daily aligns with it as well, and $BTC currently isn’t giving any reason to rush into longs.
The nearest downside target is 0.26697.
Next is 0.26388, and if there’s a strong push through, then 0.25543.
But the best short for me won’t be from the current levels.
I want to see a move to 0.27637–0.27814 and a false breakout of 0.27814.
If after that the price drops back below and breaks the structure on the lower timeframe, then it becomes interesting.
Above 0.27814 on the 1H close, the bearish scenario is cancelled.
#ALLO #Altcoins #Crypto