🟢 $ALLOUSDT — possible bounce setup


Question: is this structure exhaustion, or just a temporary slowdown?

Price had a strong 1H bearish structure: each candle updated the low, while highs stayed below previous highs.
The latest closed 1H candle failed to make a new low, while the previous high is still holding.
If price updates the last low again, the bounce idea is cancelled. Stop is below the last low.
Fibonacci range: full 1H drop move, from max high to min low of the whole series.
Plan by Fibonacci retracement:Entry zone: 0.42728 - 0.422836Stop: 0.41839154TP1 Fib 0.236: 0.4308058TP2 Fib 0.382: 0.4379671TP3 Fib 0.5: 0.443755TP4 Fib 0.618: 0.4495429
Series: 5 candlesMove: 10.47%Timeframe: 1HExtreme candle wick filter: max 3.5%
Educational setup example. Not financial advice.
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