BlockchainBaller
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Bearish
$RED Drops 38% – What’s Next❓$0.5 0r $0.2 coming ❓$RED has fallen 38%, now at $0.7183, after touching $0.6715. If buyers step in, a bounce could happen, but if selling continues, it may drop further.... $RED /USDT – Brutal Sell-Off, Is a Rebound Coming❓#RED is currently trading at $0.7183, down 38.82%, after a sharp crash from $1.1841 to a low of $0.6715.
Key Levels to Watch
Resistance: $0.7762 – A breakout could push RED toward $0.8353 and $0.8944
Support: $0.6715 – A breakdown may lead to further downside toward $0.6500 and $0.6200
Market Insights
MACD: Bearish, showing heavy selling pressure
Parabolic SAR: Bearish, signaling strong downward momentum
Volume: Increased, indicating panic selling or liquidation
Trade Setup
Long Entry: Above $0.7762, targeting $0.8353 and $0.8944
Short Entry: Below $0.6715, targeting $0.6500 and $0.6200
Stop Loss: $0.7000 to manage risk
RED is experiencing extreme volatility, with aggressive selling dominating the market. A relief bounce is possible, but traders should exercise caution.
#RED
Key Levels to Watch
Resistance: $0.7762 – A breakout could push RED toward $0.8353 and $0.8944
Support: $0.6715 – A breakdown may lead to further downside toward $0.6500 and $0.6200
Market Insights
MACD: Bearish, showing heavy selling pressure
Parabolic SAR: Bearish, signaling strong downward momentum
Volume: Increased, indicating panic selling or liquidation
Trade Setup
Long Entry: Above $0.7762, targeting $0.8353 and $0.8944
Short Entry: Below $0.6715, targeting $0.6500 and $0.6200
Stop Loss: $0.7000 to manage risk
RED is experiencing extreme volatility, with aggressive selling dominating the market. A relief bounce is possible, but traders should exercise caution.
#RED
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