🔷 $RED
/USDT Perpetual Futures Overview
Last Price: $0.2803
24h Change: -2.81%
Status: ⚠️ In pullback from local high — testing key intraday support
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📊 Market Snapshot
Metric Value
24h High $0.3450
24h Low $0.2777
Mark Price $0.2803
24h Volume (RED) 75.04M
24h Volume (USDT) $23.11M
Current Volume 385,499
MA(5) 1.66M
MA(10) 6.78M
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📌 Key Price Levels
Level Type Price Commentary
Resistance $0.3450 24h high, strong rejection area
$0.3188 Minor resistance zone after breakdown
Current $0.2803 Attempting to stabilize
Support $0.2777 24h low; fragile near-term support
$0.2743 Next support level from depth chart
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📉 Technical Outlook
Indicator Signal
Trend ⚠️ Reversal from rally highs
Momentum Bearish pressure below MA(5)/MA(10)
Volume Dropped significantly (sub 500k)
MA Alignment MA(5) < MA(10) → Bearish crossover
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🔻 Bearish Breakdown Setup
Entry: $0.2790 – $0.2775
TP: $0.2700 – $0.2650
SL: $0.2880
Rationale: Breaking below $0.2777 may open more downside. Weak volume may allow bears to press lower.
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🟢 Potential Reversal (Low-Volume Bounce)
Entry: $0.2775 – $0.2740
TP: $0.3030 – $0.3180
SL: $0.2690
Rationale: Oversold near support, decent bounce potential if BTC holds steady. Requires a bullish candle close on 1H.
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✅ Quick Take
Currently in a downward correction after a high-volume rally toward $0.345.
Volume has dropped off sharply, which may signal either:
A base forming (bullish); or
Lack of buyer interest (bearish continuation).
Monitor for a reaction around $0.2777–$0.2740 zone — critical for near-term direction.
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