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$ALLO stuck in consolidation but with a clear bearish tilt – not much conviction either way, but sellers seem in control.
Volume is drying up fast: Recent candles are showing way lower action (latest around 176M vs historical averages closer to 300M), and 24h volume at just 80.9M. Nobody's really jumping in, which usually means the next move could be sharp.
Capital flows are ugly: Big net outflows everywhere – -1.1M in 24h, -8.35M over the last week, and even short-term it's bleeding (-112k in 1h, -362k in 4h). Spot is a bit less bad but still negative (-319k). Feels like people are quietly exiting, no fresh buyers stepping up.
Price action
$ALLO Since those November highs around 0.18, we've been printing lower highs. Now grinding between 0.105-0.117, with multiple rejections right at 0.117 resistance and some nasty downside wicks. Classic bearish setup.
My plan
$ALLO Cautious short for now.
- Entry: 0.1110-0.1120 (right here in the upper range) or wait for a test of 0.1150-0.1170 resistance for a better risk-reward.
- Aggressive play: Short on a break below 0.1104 (24h low) with volume spike.
- Stop-loss: Around 0.1148 (~3.5% from entry), sitting above that resistance cluster and accounting for ATR ~0.03.
- Targets: Primary 0.1011 (S1 support) for ~8-9% downside, secondary 0.0906 (S2 support) for ~18% if it really breaks.
*Heads up: Yeah, it's getting oversold, so a quick bounce isn't impossible – but with all the selling pressure and no real volume support, I'd need a strong reclaim above 0.122 with buyers showing up before even thinking long.
#ALLO #ALLOUSDT #Allora