๐ช ASSET: $ALLO /USDT (Binance)
๐ด DIRECTION: SHORT
๐ TREND: Pronounced downtrend. The price has plummeted from 0.3700 (chart peak) to the current 0.2700 โ 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 โ a complete bearish setup. RSI(6) is at 26.49 โ 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) โ confirming bearish momentum. Supertrend at 0.2821 is red and positioned above the price โ an additional signal of weakness. Volume of $35.93M confirms seller activity.
โ๐ฏ Trade Setup
โEntry: 0.2700 โ 0.2780
โ๐ Stop-Loss
โ0.2850 (above Supertrend 0.2821 + buffer)
โ๐ Take-Profits
โTP1: 0.2600 โ below 24h low 0.2673
โTP2: 0.2500 โ psychological level
โTP3: 0.2400 โ extended target, approaching the 0.2300 zone
โ๐ Key Levels
โBottom (0.2673): 24-hour minimum
โResistance (0.3700): Local peak / drop start level
โSupport (0.2821): Supertrend / dynamic level
โEntry Zone (0.2700โ0.2780): Current zone / retest of EMA(7) 0.2788 from below
โStop-Loss (0.2850): Above Supertrend with buffer
โโ ๏ธ
Disclaimer: This analysis is not financial advice. Trade at your own risk.$ALLO
๐ด DIRECTION: SHORT
๐ TREND: Pronounced downtrend. The price has plummeted from 0.3700 (chart peak) to the current 0.2700 โ 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 โ a complete bearish setup. RSI(6) is at 26.49 โ 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) โ confirming bearish momentum. Supertrend at 0.2821 is red and positioned above the price โ an additional signal of weakness. Volume of $35.93M confirms seller activity.
โ๐ฏ Trade Setup
โEntry: 0.2700 โ 0.2780
โ๐ Stop-Loss
โ0.2850 (above Supertrend 0.2821 + buffer)
โ๐ Take-Profits
โTP1: 0.2600 โ below 24h low 0.2673
โTP2: 0.2500 โ psychological level
โTP3: 0.2400 โ extended target, approaching the 0.2300 zone
โ๐ Key Levels
โBottom (0.2673): 24-hour minimum
โResistance (0.3700): Local peak / drop start level
โSupport (0.2821): Supertrend / dynamic level
โEntry Zone (0.2700โ0.2780): Current zone / retest of EMA(7) 0.2788 from below
โStop-Loss (0.2850): Above Supertrend with buffer
โโ ๏ธ
Disclaimer: This analysis is not financial advice. Trade at your own risk.$ALLO