
Post
$ALLO
The price has skyrocketed to the peak of 0.36271 and then fell sharply -34.14% in just 24 hours, currently trading at 0.17960. This is a sign of strong distribution + clear dump.
Reasons to sell:
• The big red candle is breaking the entire structure of the nearest bull.
• The price has fallen below MA5 (0.221) and MA10 (0.154), the momentum has dropped sharply.
• High selling volume in the dump session, confirming the overwhelming selling force.
• From the top to the current has lost more than 50%, the short-term trend is clearly a downtrend.
Recommendation:
• Sell immediately or take profit if there is still a hold from the high area.
• Can open short at 0.18-0.185 if desired, target 0.14 - 0.12.
• Tight stop loss above 0.20 (near resistance zone).
Conclusion: This is a strong or short selling opportunity. The market is in a deep adjustment period after the pump. Avoid long-term hold at this time.
Disclaimer: OKX Orbit content is provided for informational purposes only. Learn more
Replies
No comments yet. Be the first to reply!