$ALLO - fading bull impulse - two attempts to break through and establish above the local resistance of 0.410, however both were firmly suppressed by the sellers. On the clock, the classic pattern is a double top near the $0.411 level. Volumes on local bounces upward are fading, while the sellers’ pressure remains consistently high. Price is trading below the local trend line. RSI reversed downward from the 60-point zone, indicating a loss of bullish momentum by buyers and opening the way for a correction toward $0.360
Short $ALLO
Entry 0.40000 - 0.41000.
Stop 0.42800
Targets 0.37000 - 0.35200 - 0.33600
DYOR
#ALLOAI