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$ALLO | 1h | Bearish Retest Short
Bias: Short
Entry Zone: 0.386 to 0.402
Stop Loss: 0.417
Targets:
TP1: 0.372
TP2: 0.356
TP3: 0.336
Invalidation:
Close above 0.417
Why This Setup:
I’m looking for a short while price keeps failing to reclaim the 0.40 area and lower highs stay intact. The structure is still leaning bearish, and a rejection from this resistance zone could send it back toward the prior demand and liquidity below.
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