🔴 $ALLO BEARISH REJECTION AT RESISTANCE — MOMENTUM FADING AFTER EXTENDED RALLY 📉
Entry: 0.2788 – 0.2804 🔻
Target: 0.2730 / 0.2690 / 0.2648 🎯
Stop Loss: 0.2861 🛑
This resistance shelf has been absorbing bullish momentum for weeks — and the extended rally is now showing exhaustion signs. 📉 Buyers are stepping back right at a structural level where smart money typically builds shorts. 🦈
The rejection zone aligns with an old order block that has flipped from support to resistance. A clean sweep of the 0.2788–0.2804 range, followed by a red close below, opens the path toward the 0.2730 demand zone. 💡
💬 Is this the start of a deep correction, or will buyers defend the range one more time? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #ALLO #ShortSetup #Bearish #Resistance #Crypto
🐻 📉
Entry: 0.2788 – 0.2804 🔻
Target: 0.2730 / 0.2690 / 0.2648 🎯
Stop Loss: 0.2861 🛑
This resistance shelf has been absorbing bullish momentum for weeks — and the extended rally is now showing exhaustion signs. 📉 Buyers are stepping back right at a structural level where smart money typically builds shorts. 🦈
The rejection zone aligns with an old order block that has flipped from support to resistance. A clean sweep of the 0.2788–0.2804 range, followed by a red close below, opens the path toward the 0.2730 demand zone. 💡
💬 Is this the start of a deep correction, or will buyers defend the range one more time? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #ALLO #ShortSetup #Bearish #Resistance #Crypto
🐻 📉