$RED Is Tapping Resistance — Rejection Incoming?

$RED /USDT just hit the upper boundary of a strong consolidation range around $0.2948. Price has failed to break this level multiple times, and current wick rejections suggest another reversal could be in play.

SHORT Setup:

• Entry: $0.2947

• TP1: $0.2910

• TP2: $0.2880

• TP3: $0.2866

• SL: $0.2977

Market Insight:

Price is struggling to close above the range high. With no breakout volume confirmed, this looks like a clean range rejection play. Watch for confirmation on lower timeframes before entering.

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