$ALLO /USDT Bearish Move 📉
Technical Analysis:
$ALLO/USDT is showing bearish momentum with a -2.38% decline, currently trading at 0.1516 USDT. The 24h high of 0.1631 and low of 0.1497 indicate a narrowing range, with lower highs forming on short-term charts (15m–1h), suggesting potential continuation of the downtrend. Immediate support lies around 0.1497 USDT, while resistance is near 0.160–0.163 USDT.
Trade Setup:
Entry Range: 0.151 – 0.152 USDT
Target 1: 0.149 USDT
Target 2: 0.140 USDT
Target 3: 0.130 USDT
Stop Loss (SL): 0.163 USDT
Short Outlook of Market:
The short-term trend is bearish, but minor pullbacks toward 0.160 USDT may occur before continuation. Traders should watch for strong support around 0.1497 USDT to identify potential reversal or further decline.
