$RED šŸ”„šŸ’ÆšŸš€

/USDT based on the provided data:

šŸ”» $RED /USDT Bearish Trade Setup (21 June 2025)

šŸ“‰ Market Snapshot:

RED is under selling pressure, trading at $0.2602 (-6.91%) after rejecting from the $0.2804 high. The price action suggests bearish momentum, with volume increasing on red candles and key supports being tested.

šŸ“Œ Trade Setup Details:

Entry Zone: $0.2610 – $0.2580

Stop Loss: $0.2705 (above recent resistance zone)

šŸŽÆ Bearish Targets:

Target 1: $0.2520 – Previous demand level

Target 2: $0.2450 – Local support zone

Target 3: $0.2320 – Key breakdown level if selling pressure continues

šŸ“Š Key Technical Levels:

Resistance: $0.2670 / $0.2705

Support: $0.2560 / $0.2450

Trend Signal: Bearish momentum with breakdown risk below $0.2560

Indicators:

RSI: Leaning towards oversold

MACD: Bearish crossover

Price Action: Lower highs and lower lows forming

āš ļø Signal: Bearish

Short-term sentiment remains negative unless the price reclaims and holds above $0.2700. Breakdown below $0.2560 could accelerate the sell-off.

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