$ALLO /USDT BEARISH PULLBACK FROM HIGHS — BUYERS WATCHING 0.377–0.366 SUPPORT FOR NEXT REVERSAL
The chart structure of shows a rejection from the recent high at 0.4358, followed by a controlled pullback toward the 0.3947 region. This indicates short-term profit-taking after a strong rally, with momentum cooling as price re-enters the mid-range zone.
If the market holds above 0.377–0.366 support, buyers may step in again for a potential recovery toward higher resistance zones. However, a breakdown below this range could extend the correction and shift momentum further bearish in the short term.
📈 TRADE SETUP
🟢 LONG SETUP (Reversal Bounce Play)
Entry: 0.377 – 0.366 (accumulation zone)
Take Profit 1: 0.408
Take Profit 2: 0.423
Take Profit 3: 0.435
Stop Loss: 0.358
(Breakdown Continuation)
Entry: 0.392 – 0.398 (if rejection continues)
Take Profit 1: 0.377
Take Profit 2: 0.366
Take Profit 3: 0.350
Stop Loss: 0.406
Market is currently in a healthy correction phase after a strong upside move. The key area to watch is 0.377–0.366, which will decide whether this pullback becomes a reversal setup or a deeper downtrend continuation.
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