$RED /USDT BEARISH SETUP – REJECTION FROM $0.3100 WITH SUPPORT UNDER PRESSURE 🔻

📌 Current Price: $0.2831 (-7.30%)

📈 24H High: $0.3071

📉 24H Low: $0.2801

📊 Volume (RED): 2.13M

💵 Volume (USDT): 625K

🔧 Category: Infrastructure

🔍 TECHNICAL OVERVIEW (4H & 1D Timeframes)

has been rejected strongly from $0.3071, failing to maintain upward momentum. Price is currently consolidating just above critical short-term support at $0.2800, indicating weakness. The structure remains bearish with a consistent lower high pattern, and the bounce attempts are fading.

If the support at $0.2800 breaks down, a further correction is likely toward deeper zones.

🔑 KEY LEVELS TO WATCH:

Support Zones:

🔻 $0.2800 – Immediate support (24H low)

🔻 $0.2700 – Previous consolidation support

🔻 $0.2550 – Major support zone

Resistance Zones:

🔺 $0.2900 – Nearest resistance

🔺 $0.3000 – Psychological level

🔺 $0.3100 – Rejection level / local top

⚔️ TRADE SETUP (SHORT):

🔽 Entry Zone: $0.2830–$0.2860 (bounce or weak rejection)

🎯 TP1: $0.2700

🎯 TP2: $0.2550

🛑 SL: $0.2950 (above recent resistance zone)

> 🔎 Confirmation: 1H or 4H close below $0.2800 with rising volume will validate short entry.

⚖️ RISK MANAGEMENT:

Risk only 2–3% of capital

Maintain Risk:Reward ≥ 1:2

Don’t chase breakdowns without confirmation

📈 SUMMARY:

$RED is showing clear signs of weakness, trading just above support after being rejected at $0.3071. If the price breaks below $0.2800, bears are likely to target $0.2700 and $0.2550. A strong reclaim above $0.3000 would be needed to shift the short-term trend bullish.

🚨 Breakdown setup forming – caution for bulls while below $0.2900.

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