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$ALLO (1h) - Bearish Rejection
Bias: Short
Entry (Zone): 0.389 - 0.396
Targets:
TP1: 0.374
TP2: 0.365
TP3: 0.352
Stop Loss: 0.406
Why this Setup:
I’m looking for a short after the recent push into overhead supply, where price has already shown rejection and struggled to hold above the mid-0.39 area. I want to sell a retest of resistance and trade the rotation back into nearby liquidity below 0.37 if buyers fail to reclaim the highs.