$RED /USDT based on the provided data:
š» $RED š„šÆš
/USDT Bearish Trade Setup (21 June 2025)
š 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.
š Trade Setup Details:
Entry Zone: $0.2610 ā $0.2580
Stop Loss: $0.2705 (above recent resistance zone)
šÆ Bearish Targets:
Target 1: $0.2520 ā Previous demand level
Target 2: $0.2450 ā Local support zone
Target 3: $0.2320 ā Key breakdown level if selling pressure continues
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