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$ALLO (1h) - Short Rejection
Bias: Short
Entry (Zone): 0.2580 - 0.2670
Targets:
TP1: 0.2450
TP2: 0.2310
TP3: 0.2160
Stop Loss: 0.2760
Why this Setup:
I’m looking for a short after the sharp impulsive run-up and the failed push above the local high. Price is still extended, and I want to fade a retest into resistance while momentum cools off. If sellers keep defending the 0.27 area, I expect a move back toward the prior support levels.