$ALLO /USDT TECHNICAL ANALYSIS – BEARS IN CONTROL, SUPPORT UNDER PRESSURE
Bearish Continuation Likely 📉
$ALLO /USDT is trading around 0.1205, showing weakness after rejection near the 0.1245 zone. Price is hovering just above key support, and failure to reclaim the intraday resistance suggests sellers still dominate. If support breaks, a deeper pullback toward lower demand zones is likely.
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Trade Setup (SHORT)
Entry: 0.1200 – 0.1210
Stop Loss (SL): 0.1250
Take Profit 1 (TP1): 0.1185
Take Profit 2 (TP2): 0.1165
Take Profit 3 (TP3): 0.1135
Risk-to-reward favors shorts as long as price remains below 0.1245 resistance.
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Market Outlook
Overall structure remains bearish to neutral on lower timeframes. A clean breakdown below 0.1180 can accelerate selling momentum. Bulls only regain control if price sustains above 0.1250 with volume.
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