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$ALLO experienced a long liquidation around $0.40191, indicating that leveraged buyers were forced out of their positions. The liquidation adds bearish pressure to the market, while sellers continue to control the short-term trend. If price fails to reclaim nearby resistance levels, further downside movement could follow as bullish momentum weakens.
Entry: $0.3990 - $0.4050
SL: $0.4140
TP1: $0.3900
TP2: $0.3800
TP3: $0.3680
TP4: $0.3520
Momentum remains weak, and recent recovery attempts have been met with selling pressure. Watch key support levels closely and trade with proper risk management.
Sell and Trade $ALLO