$ALLO /USDC BEARISH REJECTION — MOMENTUM ROLLING OVER AFTER STRONG SPIKE
$ALLO pumped +23% but is now showing clear rejection from the 0.1698 high. Price is hovering around MA(7) and below MA(25), while MACD has flipped negative (DIF below DEA), signaling weakening bullish pressure. Volume is fading after the spike — a classic sign of short-term distribution. A pullback toward deeper support zones is increasingly likely.
📉 Trade Setup
Entry Zone (Short):
0.1365 – 0.1390
Take Profit Targets:
TP1: 0.1325 (MA(99) Support)
TP2: 0.1278
TP3: 0.1225
Stop Loss:
0.1428 (Above intraday resistance)
📊 Short Market Outlook
Short-term structure is weakening after failing to hold above 0.1400. If 0.1325 breaks, downside acceleration toward 0.1278–0.1225 becomes probable. Momentum indicators favor sellers unless bulls reclaim 0.1425 with strong volume.
Bias remains bearish while below 0.1425.
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