๐ $ALLO Trade Signal (Day Trade) โ SHORT Setup
Entry 1: 0.1868
Entry 2: 0.1905
TP1: 0.1800
TP2: 0.1750
TP3: 0.1705
SL: 0.1980
Leverage: 20xโ40x
Margin: 2โ4%
Open Trade in Future๐๐ป
๐ Spot Summary:
$ALLO bounced from 0.1702 and is now struggling around the 0.1860โ0.1900 resistance zone. Spot sellers may consider entries if price fails to break above 0.1920 with strength.
Spot Sell Targets: 0.1785 โข 0.1740 โข 0.1695 โข 0.1650 โข 0.1605
Open Trade in Spot๐๐ป
Why This Trade:
$ALLO recently tested support near 0.1700 and made a corrective move upward, but momentum appears limited as price is approaching declining intraday averages. Sellers previously reacted around 0.1900, and volume on the recent bounce was weaker compared to the prior sell-off. Until price breaks above 0.1930 with sustained demand, a retracement into previous support areas is likely in the next 12โ24 hours. Shorting near resistance with controlled risk presents a better opportunity than chasing the move upward, especially in the current cooling market environment.
