🚀 Coin Name: ALLO
📈 Direction: SHORT
🎯 Entry Range: $0.3125 – $0.3165
🛑 Stop Loss: $0.3238
🎯 Take Profit 1: $0.3060
🎯 Take Profit 2: $0.2985
🎯 Take Profit 3: $0.2895
⚠️ Risk Rating: Medium
📊 Market Analysis:
The recent long liquidation suggests bullish positions were forced out, often signaling weakening buying pressure and increasing downside momentum. ALLO is trading below a key resistance zone near $0.3200, while immediate support sits around $0.3050. Volume has picked up during the liquidation event, confirming active participation from sellers. Unless price reclaims resistance with strong buying volume, the higher-probability scenario favors a continuation toward lower support levels before any meaningful recovery.
