$ALLO — BEARISH SETUP
The recent bounce is showing signs of exhaustion as sellers regain control near the resistance zone. A rejection here could open the door for another downside leg, with multiple support levels below acting as potential profit targets.
Short Entry: 0.273 – 0.283
Stop Loss: 0.295
TP1: 0.265
TP2: 0.255
TP3: 0.245
Keep position size controlled and protect capital if the setup invalidates. DYOR.
The recent bounce is showing signs of exhaustion as sellers regain control near the resistance zone. A rejection here could open the door for another downside leg, with multiple support levels below acting as potential profit targets.
Short Entry: 0.273 – 0.283
Stop Loss: 0.295
TP1: 0.265
TP2: 0.255
TP3: 0.245
Keep position size controlled and protect capital if the setup invalidates. DYOR.