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$ALLO | 1h | Breakdown Short
Bias: Short
Entry Zone: 0.3660 to 0.3700
Stop Loss: 0.3815
Targets:
TP1: 0.3520
TP2: 0.3380
TP3: 0.3220
Invalidation:
Close above 0.3815
Why This Setup:
I’m fading the failed bounce after the sharp spike and rejection from the 0.47-0.51 area. Price is now holding below local resistance and losing momentum, so I want a breakdown continuation toward the prior demand zones.