🔴 fading
$ALLO now that the ai pump ran out of gas
$ALLO ripped to an all time high two days ago and gave most of it back within a day.
momentum flipped down on the daily and the 4 hour right after that blowout top, and Allora's bleeding faster than a risk off BTC tape.
this is a clean tactical fade on an overheated ai name, sizing stays modest until price proves more than that.
Allora tagged an all time high two days ago on the ai agent hype wave, then gave back a big chunk of that pump within a day and still hasn't found a floor.
🔴 ALLO futures short · 3x iso
entry 0.3741 to 0.3704
stop 0.4074 (10.0% risk)
tp1 0.2925 (+21.0%)
tp2 0.2594 (+30.0%)
r/r 2.11
I'm chipping into this short on the bounce, banking part of it at the first target and trailing what's left if it keeps rolling over.
loses that reclaim line and I'm out, no marrying a fade. pull up the
$ALLO chart on Binance and check that top for yourself before you size in.
manage your own size. this is my read, not your permission. levels are on the chart.
$ALLO #ALLO #crypto