๐จ $RED /USDT โ Bearish Setup Alert: Reversal Signs Brewing! ๐ป
Current Price: $0.2778
The bulls had their run, but now the tide might be shifting. After tapping resistance near $0.2867, $RED is starting to roll over. Price action on the 1H chart is showing a lower high, and momentum appears to be fading โ setting the stage for a short opportunity.
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๐ What the Chart Says:
Price was rejected at $0.2867, the recent local high
Early signs of bearish candles forming
Volume tapering off, and momentum indicators pointing down
Support zones now in focus
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๐ฏ Short Entry Plan:
๐ Entry Zone: $0.2775 โ $0.2800
Look for signs of weakness (e.g., bearish engulfing, wicks near resistance) before entering.
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๐ฏ Target Points:
TP1: $0.2700 โ First reaction level
TP2: $0.2630 โ Mid-range support zone
TP3: $0.2570 โ Strong base from prior structure
๐ Stop Loss: $0.2875 โ Just above resistance, invalidates bearish thesis
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๐ง Strategy Insight:
This looks like a textbook "lower high" reversal setup. If sellers step in with volume and price loses the $0.2700 level, it may trigger a domino effect down to deeper supports. Always wait for confirmation โ trade the breakdown, not the bounce.
