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$ALLO REJECTED AT RESISTANCE WITH OPEN INTEREST PILING INTO THE DOWNSIDE! 📉
Entry: 0.26341 - 0.27041 ⚡
Target: 0.25800 / 0.24500 / 0.22500 🎯
Stop Loss: 0.27950 ⚠️
$ALLO just lost the 1-hour EMA21 following a sharp rejection off the 0.27044 overhead barrier. Sellers are aggressively soaking up every bid attempt while negative funding paired with expanding open interest signals new capital loading up on downside exposure. 📊
While retail positioning is heavily tilted short against top-tier account longs, price action remains firmly pinned below trend resistance. 🔍 A swift liquidity sweep lower looks primed to test deeper demand pockets before any structural reclaim can materialize. 📌
💬 Are you shorting this breakdown toward lower targets or waiting for a reclaim above the stop level? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
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#ALLO #ShortSetup #CryptoTrading #Altcoins #Bearish 🎯 📉