SHORT $ALLO — SHORTING THE DEAD CATS' JUMP 📉🔥
Entry: 0.2690 - 0.2720 📥
TP1: 0.2550 ✅
TP2: 0.2400 🎯
TP3: 0.2220 💰
Stop Loss: 0.2933 🛑
The price has just slapped the supply zone and rejected with conviction, leaving lower-timeframe longs stranded above the highs. That wick into 0.2933 was nothing but a liquidity grab — smart money needed fuel for the next leg south, and they got it. We are now trading below the 0.2700 psychological shelf, and when price loses a level this cleanly, the next stop is usually the void. ⚡
This looks like an altcoin that has run out of fundamental ammunition, and the market is beginning to price that in. The shorts are stacked in our favor, with the path of least resistance clearly pointing downward. The setup is a classic breakdown play — confirm the daily close under 0.2700 and the slide toward the demand zone below becomes a high-probability event. 📊
Are you chasing this breakdown or waiting for a retest of the broken support to add to your position? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #ALLO #CryptoShorts #TechnicalAnalysis #SMCTrading
📉🔥
Entry: 0.2690 - 0.2720 📥
TP1: 0.2550 ✅
TP2: 0.2400 🎯
TP3: 0.2220 💰
Stop Loss: 0.2933 🛑
The price has just slapped the supply zone and rejected with conviction, leaving lower-timeframe longs stranded above the highs. That wick into 0.2933 was nothing but a liquidity grab — smart money needed fuel for the next leg south, and they got it. We are now trading below the 0.2700 psychological shelf, and when price loses a level this cleanly, the next stop is usually the void. ⚡
This looks like an altcoin that has run out of fundamental ammunition, and the market is beginning to price that in. The shorts are stacked in our favor, with the path of least resistance clearly pointing downward. The setup is a classic breakdown play — confirm the daily close under 0.2700 and the slide toward the demand zone below becomes a high-probability event. 📊
Are you chasing this breakdown or waiting for a retest of the broken support to add to your position? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #ALLO #CryptoShorts #TechnicalAnalysis #SMCTrading
📉🔥