🪙 ASSET: $ALLO /USDT (Binance)
🔴 DIRECTION: SHORT
📉 TREND: Pronounced downtrend. The price has plummeted from 0.3700 (chart peak) to the current 0.2700 — a ~27% correction. The price is trading below all key EMAs: EMA(7) at 0.2788, EMA(25) at 0.2924, EMA(99) at 0.3086, and EMA(200) at 0.3282 — a complete bearish setup. RSI(6) is at 26.49 — an oversold zone that could trigger a short-term technical bounce, but the main trend remains strongly bearish. MACD is negative (DIF -0.0082, DEA -0.0051, MACD -0.0031) — confirming bearish momentum. Supertrend at 0.2821 is red and positioned above the price — an additional signal of weakness. Volume of $35.93M confirms seller activity.
🎯 Trade Setup
Entry: 0.2700 – 0.2780
🛑 Stop-Loss
0.2850 (above Supertrend 0.2821 + buffer)
📉 Take-Profits
TP1: 0.2600 — below 24h low 0.2673
TP2: 0.2500 — psychological level
TP3: 0.2400 — extended target, approaching the 0.2300 zone
🔑 Key Levels
Bottom (0.2673): 24-hour minimum
Resistance (0.3700): Local peak / drop start level
Support (0.2821): Supertrend / dynamic level
Entry Zone (0.2700–0.2780): Current zone / retest of EMA(7) 0.2788 from below
Stop-Loss (0.2850): Above Supertrend with buffer
⚠️
Disclaimer: This analysis is not financial advice. Trade at your own risk.$ALLO
🔴 DIRECTION: SHORT
📉 TREND: Pronounced downtrend. The price has plummeted from 0.3700 (chart peak) to the current 0.2700 — a ~27% correction. The price is trading below all key EMAs: EMA(7) at 0.2788, EMA(25) at 0.2924, EMA(99) at 0.3086, and EMA(200) at 0.3282 — a complete bearish setup. RSI(6) is at 26.49 — an oversold zone that could trigger a short-term technical bounce, but the main trend remains strongly bearish. MACD is negative (DIF -0.0082, DEA -0.0051, MACD -0.0031) — confirming bearish momentum. Supertrend at 0.2821 is red and positioned above the price — an additional signal of weakness. Volume of $35.93M confirms seller activity.
🎯 Trade Setup
Entry: 0.2700 – 0.2780
🛑 Stop-Loss
0.2850 (above Supertrend 0.2821 + buffer)
📉 Take-Profits
TP1: 0.2600 — below 24h low 0.2673
TP2: 0.2500 — psychological level
TP3: 0.2400 — extended target, approaching the 0.2300 zone
🔑 Key Levels
Bottom (0.2673): 24-hour minimum
Resistance (0.3700): Local peak / drop start level
Support (0.2821): Supertrend / dynamic level
Entry Zone (0.2700–0.2780): Current zone / retest of EMA(7) 0.2788 from below
Stop-Loss (0.2850): Above Supertrend with buffer
⚠️
Disclaimer: This analysis is not financial advice. Trade at your own risk.$ALLO