Downtrend Alert Short Trading Opportunity on $RED /USDT
Current Price: 0.3954
24h High: 0.4323
24h Low: 0.3714
Trend Analysis:
$RED /USDT is showing signs of weakening momentum after failing to hold above key resistance levels. The price has pulled back sharply from the 0.4300–0.4400 region, indicating seller dominance. If it breaks below immediate support, a short opportunity opens.
🔹 Short Trading Setup:
Entry Zone: 0.3950 – 0.4050
Resistance Zone: 0.4200 – 0.4320
Target 1: 0.3800
Target 2: 0.3700
Target 3: 0.3600
Stop Loss: 0.4260
Strategy Note:
Use tight risk management. Ideal for intraday or short-term swing traders. Confirm entry with bearish volume spikes or rejection candles on the 30m or 1h chart.