$ALLO /USDT TECHNICAL ANALYSIS – BEARS PRESSING PRICE, SUPPORT UNDER THREAT
Bearish Continuation Likely: ALLO/USDT is struggling below key resistance and sellers are in control, hinting at a possible move toward lower support before any meaningful bounce.
Immediate Market Move Explanation:
Price has been rejected from the 0.106–0.107 resistance zone and is now hovering near 0.102. The structure shows lower highs on the intraday timeframe, indicating weakening bullish momentum. If price fails to hold above the 0.100 support, a bearish continuation toward the demand area around 0.099–0.096 is expected.
Trade Setup (Short Position)
Entry (Short): 0.103 – 0.105
Targets (TP):
TP1: 0.0995
TP2: 0.0960
TP3: 0.0920 (extended target if selling accelerates)
Stop Loss (SL): 0.1080 (above recent high & resistance)
Market Outlook
Short-term outlook remains bearish unless ALLO reclaims and holds above 0.107 with strong volume. Until then, rallies are likely to face selling pressure, favoring short-side opportunities.
