đȘ ASSET: $ALLO /USDT (Binance)
đŽ DIRECTION: SHORT
đ TREND: Pronounced downtrend. The price has plummeted from 0.3700 (chart peak) to the current 0.2700 â 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 â a complete bearish setup. RSI(6) is at 26.49 â 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) â confirming bearish momentum. Supertrend at 0.2821 is red and positioned above the price â an additional signal of weakness. Volume of $35.93M confirms seller activity.
âđŻ Trade Setup
âEntry: 0.2700 â 0.2780
âđ Stop-Loss
â0.2850 (above Supertrend 0.2821 + buffer)
âđ Take-Profits
âTP1: 0.2600 â below 24h low 0.2673
âTP2: 0.2500 â psychological level
âTP3: 0.2400 â extended target, approaching the 0.2300 zone
âđ Key Levels
âBottom (0.2673): 24-hour minimum
âResistance (0.3700): Local peak / drop start level
âSupport (0.2821): Supertrend / dynamic level
âEntry Zone (0.2700â0.2780): Current zone / retest of EMA(7) 0.2788 from below
âStop-Loss (0.2850): Above Supertrend with buffer
ââ ïž
Disclaimer: This analysis is not financial advice. Trade at your own risk.$ALLO
đŽ DIRECTION: SHORT
đ TREND: Pronounced downtrend. The price has plummeted from 0.3700 (chart peak) to the current 0.2700 â 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 â a complete bearish setup. RSI(6) is at 26.49 â 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) â confirming bearish momentum. Supertrend at 0.2821 is red and positioned above the price â an additional signal of weakness. Volume of $35.93M confirms seller activity.
âđŻ Trade Setup
âEntry: 0.2700 â 0.2780
âđ Stop-Loss
â0.2850 (above Supertrend 0.2821 + buffer)
âđ Take-Profits
âTP1: 0.2600 â below 24h low 0.2673
âTP2: 0.2500 â psychological level
âTP3: 0.2400 â extended target, approaching the 0.2300 zone
âđ Key Levels
âBottom (0.2673): 24-hour minimum
âResistance (0.3700): Local peak / drop start level
âSupport (0.2821): Supertrend / dynamic level
âEntry Zone (0.2700â0.2780): Current zone / retest of EMA(7) 0.2788 from below
âStop-Loss (0.2850): Above Supertrend with buffer
ââ ïž
Disclaimer: This analysis is not financial advice. Trade at your own risk.$ALLO