$RED
USDT BEARISH BREAKDOWN: SELLERS TARGETING LOWER SUPPORT ZONES š»
REDUSDT is showing weakness after multiple rejections from the resistance zone around $0.3000. The price is now trading at $0.2827, just below the crucial support-turned-resistance level, indicating potential further downside pressure.
š Key Levels:
Resistance: $0.2875 ā $0.3000 (strong rejection area)
Support: $0.2660 (target support zone)
Current Price: $0.2827
š Trade Setup (Short Entry):
Entry: $0.2835 ā $0.2827 (current entry zone)
Take Profit (TP): $0.2660
Stop Loss (SL): $0.2875
š” Market Outlook: The market structure suggests continuation to the downside as long as price remains below $0.2875. Bears are maintaining control after failing to break above the major resistance area. A move towards $0.2660 is likely if current bearish momentum sustains.
ā ļø Risk Management: Always use a strict stop loss at $0.2875 to limit risk exposure. Risk only 1-2% of your trading capital to protect your portfolio from unexpected reversals.
buy and trade here on $RED
š¬ Comment āšā if you see this bearish momentum continuing!
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