🚨 $RED Drops 38% – Rebound or More Pain Ahead? 🚨
📉 Current Price: $0.7183 (-38.82%)
🔻 Recent Crash: From $1.1841 to a low of $0.6715
💥 Will it recover to $0.5 or plunge to $0.2? Let’s analyze!
🔍 Key Levels to Watch
🔹 Resistance: $0.7762 – A breakout could push RED to $0.8353 and $0.8944
🔹 Support: $0.6715 – A breakdown may extend losses to $0.6500 and $0.6200
📊 Market Insights
📉 MACD: Bearish – Heavy selling pressure persists
⚠️ Parabolic SAR: Bearish – Strong downward momentum
📈 Volume: Rising – Panic selling or forced liquidations
🔥 Trade Setup
✅ Long Entry: Above $0.7762, targeting $0.8353 and $0.8944
❌ Short Entry: Below $0.6715, aiming for $0.6500 and $0.6200
🔒 Stop Loss: $0.7000 to manage risk
RED is facing extreme volatility, with sellers in control. A relief bounce is possible, but caution is advised.
📌 Trade Now: RED/USDT
Its time to best trade