$ALLO /USDT – Bearish Move Likely After Sharp Rejection From 0.1832
ALLO showed a strong push upward toward 0.1832, but the immediate rejection created a sharp downturn, driving price back into the lower range. Currently trading around 0.1650 (+0.30%), the structure shows weakening bullish momentum and potential continuation to the downside.
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Trade Setup
Entry Range:
• 0.1650 – 0.1680
Target 1: 0.1605
Target 2: 0.1575
Target 3: 0.1530
Stop Loss: 0.1730
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Outlook
After the failed breakout attempt near 0.1832, sellers took strong control, forming a clean lower-high structure. Unless bulls reclaim 0.1730, the momentum favors a move toward the lower demand area at 0.1575 – 0.1530.
A break below 0.1605 would confirm the bearish continuation.
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