🚨 $RED Rejection Setup? Tapping Resistance Wall!

RED/USDT

Price: $0.2948 (+3.73%)

$RED just tagged the top of its consolidation zone near $0.2948 — a level it's failed to break multiple times. Strong wick rejections are signaling potential short pressure building.

🔻 SHORT Setup:

• Entry: $0.2947

• TP1: $0.2910

• TP2: $0.2880

• TP3: $0.2866

• Stop Loss: $0.2977

📉 Market Insight:

Price is stalling below a key resistance with no volume breakout in sight. Until bulls prove otherwise, this looks like a classic range top rejection. Look for confirmation on the lower timeframes before jumping in.

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