$ALLO REJECTS MAJOR RESISTANCE – SHORT SETUP WITH CLEAR TARGETS 🔥
Entry: 0.4000 - 0.4060 🔥
Target: 0.3900, 0.3800, 0.3700 🚀
Stop Loss: 0.4170 ⚠️
$ALLO rallied hard but is now stalling right below the 0.4060 resistance zone. The 4H candle bodies are shrinking and volume is tailing off — textbook exhaustion. Sellers have stepped in at this level twice already, and price is printing lower highs on the shorter timeframes.
If the current rejection holds, we could see a move back toward the 0.3900 support within the next 1-2 sessions. The R:R on the first target is nearly 1:3 from the bottom of the entry zone.
Are you shorting this rejection or waiting for a confirmation candle below 0.4000?
Not financial advice. Always manage your risk.
#ALLO #ShortSetup #ResistanceRejection #Crypto #Trading 🎯