Posteo

🚨 $ALLO has climbed nearly 10%, but the latest move may be losing momentum. Price is trading around $0.350 after a strong rally, yet several technical indicators suggest buying pressure could be fading. 📈 MACD remains in bullish territory, although the histogram is flattening, hinting at slowing momentum. 📊 RSI (6) is sitting near 64 approaching overbought conditions. KDJ around 80/79 signals the market may be stretched, making a short-term cooldown possible. SAR is positioned near $0.345, making it an important support level to monitor. The $0.355 area continues to act as a key resistance, with sellers repeatedly defending that zone. I'm currently short from $0.350, with an initial target of $0.340. If $0.345 breaks, the next level I'm watching is $0.330. Whether this turns into a brief consolidation or a deeper correction, disciplined risk management is far more important than chasing momentum. #DailyOrbit