Analysis for the trade $RED /USDT with entry points:
(Current price: $0.3547, -7.82% in 24h, high volatility)
1. Key levels and market context
- 24h range: No data, but clear downtrend.
- Support:
- $0.350–$0.354 (buy order cluster: 12K–155K RED).
- $0.345–$0.349 (additional zone: 1.5K–72K RED).
- Resistance:
- $0.355–$0.358 (nearest sell walls: 1.7K–93K RED).
- $0.360–$0.370 (strong resistance).
Conclusion: Price is in a strong downtrend, but close to local support.
2. Balance of power (Order Book)
- Buyers (33.02%):
- $0.350–$0.354: 12K–155K RED (main support).
- Sellers (66.98%):
- $0.355–$0.358: 1.7K–93K RED (near resistance).
Momentum: Significant dominance of sellers – bearish trend.
3. Indicators and trend
- MACD:
- DIF (-0.0065) < DEA (-0.0051), histogram -0.0015 – bearish momentum.
- RSI:
- RSI(6): 37.52, RSI(12): 35.31 – close to oversold.
- Trend:
- Short-term: -7.82% (strong correction).
- Medium-term: -14.14% in 7 days – downtrend.
Risks:
- Breaking $0.350 may accelerate the drop to $0.330.
- Growth is possible only with a close above $0.360.
4. Scenarios for the trade
🔵 Long (Buy) – Counter-trend trade
- Conditions:
- Bounce from $0.350 + volume increase.
- Closing the candle above $0.355.
- Take profits:
- TP1: $0.360 (50%),
- TP2: $0.365 (30%),
- TP3: $0.370 (20%).
- Stop-loss: $0.345.
🔴 Short (Sell) – Continuation of the trend
- Conditions:
- Breaking $0.350 + bearish volume.
- Take profits:
- TP1: $0.345 (50%),
- TP2: $0.340 (30%),
- TP3: $0.330 (20%).
- Stop-loss: $0.355.
5. Risk management
- Risk per trade: ≤1% of deposit (high volatility).
- R/R:
- Long: 1:2 (due to counter-trend risk).
- Short: 1:3 (trend scenario).
6. Summary
- Priority: Short – the trend is clearly bearish.
- Long: Only for aggressive traders with a clear bounce off $0.350.
- Critical factors:
- Low liquidity – risk of sharp movements.
- RSI is close to oversold, but the trend is strong.
#RED #USDT #Трейдинг #Altcoins
🔍 Monitoring:
- Large orders at $0.350–$0.360.
- Project news RED (fundamental factors).
📌 Recommendations:
- Avoid large positions due to low liquidity.
- For accuracy, wait for break/rollback confirmation.