$RED /USDT Short Setup in Progress 💯 🔥
Current Price: $0.3727
Sharp rejection from $0.44 with consistent lower highs and lower lows. Momentum favors sellers.
Trade Type: SHORT
Entry Range: $0.3740 – $0.3780
Stop Loss: $0.3880 (Above last minor rejection candle)
Target 1: $0.3600
Target 2: $0.3520
Target 3: $0.3450
Technical Overview:
$RED is showing a clear descending pattern after a failed attempt to break above $0.4455. Bearish candles are forming with strong volume, and the support at $0.3700 is about to be tested. A breakdown below that will likely trigger more downside pressure.
Risk Note:
Wait for a clean candle close below $0.3700 for confirmation. Stick to tight stop-loss discipline due to recent volatility.
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