agreed.
too many sellers just a little on top and bulls not looking interested yet.
Professor Mike Official
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Bearish
My dear loyal followers and fellow Binancians, I’ve been carefully observing the current movement of $ALLO , and I must warn you several traders are calling for long entries, but this is extremely risky right now. The massive wick formation you see on the chart clearly signals potential downside pressure and heavy volatility ahead.
This type of candle often reflects manipulation or exhaustion after a rapid surge. Entering longs at this point can easily trap you at the top, leading to unnecessary losses or even liquidation. Please, don’t let short-term hype cloud your judgment.
Even if $ALLO makes another small push upward, it’s very likely to retrace sharply again such movements are typical of unstable pairs with thin liquidity and emotional buying.
Stay patient and disciplined. Wait for proper consolidation and confirmation before taking any position. Protect your capital first opportunities will always return, but lost portfolios do not.
#BinanceHODLerALLO
This type of candle often reflects manipulation or exhaustion after a rapid surge. Entering longs at this point can easily trap you at the top, leading to unnecessary losses or even liquidation. Please, don’t let short-term hype cloud your judgment.
Even if $ALLO makes another small push upward, it’s very likely to retrace sharply again such movements are typical of unstable pairs with thin liquidity and emotional buying.
Stay patient and disciplined. Wait for proper consolidation and confirmation before taking any position. Protect your capital first opportunities will always return, but lost portfolios do not.
#BinanceHODLerALLO
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
