$ALLO is currently trading around 0.0892 USDT on Binance, after a sharp -10% move in the last 24 hours. The recent push toward 0.1000+ was aggressively rejected, signaling distribution at higher levels. Price is now reacting after a failed breakout attempt, which often precedes either a deeper correction or a volatility squeeze.
On the 1H timeframe, momentum is weakening near resistance. Long upper wicks and rejection candles suggest sellers are active. Volume expanded during the drop, which adds weight to a potential short-term bearish continuation unless buyers reclaim key levels quickly.
Trade Setup (Short Bias)
• Entry Zone: 0.0895 – 0.0910
• Target 1: 0.0865
• Target 2: 0.0840
• Target 3: 0.0810
• Stop Loss: 0.0935
This setup is based on rejection from local highs and a breakdown structure forming on lower timeframes. If price loses 0.0860 with strong volume, a sharper downside move is likely.
Invalidation Scenario
If $ALLO reclaims 0.094 – 0.095 and holds above it with volume, the bearish setup fails. In that case, price could revisit 0.100 – 0.105, shifting momentum back to the upside.
#ETHWhaleMovements #SouthKoreaSeizedBTCLoss
