🚨 CONTINUE TO SLIDE – THE SHORT SIDE IS DOMINATING
$ALLO dropped more than 10% in 24 hours and all data leans in one direction: the downtrend is not over yet, while the short side has a clear advantage.
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🔻 1. EMA STACKED DECREASE – CLEAR DOWNTREND
EMA7 < EMA25 < EMA99 and all three are declining.
→ Every rebound is likely to become a bull trap and a good short entry point.
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🔻 2. SELLING PRESSURE FROM REWARD
Token rewards continue to be distributed → creating a steady selling pressure.
Weak demand makes it even harder to maintain price.
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🔻 3. WEAK RSI & MACD
RSI below 50 + negative MACD → downward momentum is still dominant.
The next drop is likely to trigger.
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🔻 4. VOLUME TILTED TOWARDS RED CANDLES
36M volume but mostly from selling, not accumulation.
→ There is selling pressure but no support force.
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🔻 5. SENTIMENT TILTED BEARISH
The community is skeptical about the possibility of a rebound; most believe that the price is still under strong selling pressure from rewards.
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🧭 CONCLUSION – BEARISH PROBABILITY ~65%
The highest scenario: drop to 0.128 → 0.121
The level that needs to be broken to reverse: 0.150
👉 In this structure, the short side has a more advantageous position.