
Post
$ALLO pushed into 0.21761 and failed to hold the spike.
Trading Plan
Short ALLO up to 10x
Entry: 0.1780 to 0.1860
SL: 0.2185
TP1: 0.1710
TP2: 0.1650
TP3: 0.1580
Price bounced hard from the 0.16119 low and ran into 0.21761, but the move was rejected fast and most of the breakout candle got sold back. Since that spike, price has dropped back into the lower part of the move instead of holding strength near the top. That usually signals momentum cooled quickly and leaves room for another leg down if sellers keep control.
As long as ALLO stays below the recent spike high, this setup favors continuation into lower support.
Trade here $ALLO

Disclaimer: OKX Orbit content is provided for informational purposes only. Learn more
Replies
No comments yet. Be the first to reply!
Trending crypto
BTC/USDTBitcoin
$66,914.9-0.58%
ETH/USDTEthereum
$1,890.21-1.30%
SOL/USDTSolana
$74.89-1.95%