$ALLO /USDT – Bearish Pullback Expected After Sharp Rise
Price has surged into a local high near 0.2242, but the latest rejection candle signals exhaustion. Momentum is weakening, and the chart suggests a potential deeper correction toward previous demand zones.
Trade Setup:
Entry range: 0.1850 – 0.1950
Target 1: 0.1650
Target 2: 0.1500
Target 3: 0.1350
Stop loss (SL): 0.2250
Short Outlook:
ALLO looks overextended after a vertical rally. A corrective move is likely as buyers lose strength. Expect price to retrace toward lower support before any fresh bullish momentum can resume.
