$RED Currently, the price is 0.6067, which is above your entry point (0.5891), and the position remains in the negative.
Current situation:
• The price continues to test 0.605-0.61, but has not yet established itself above.
• RSI (12) and (24) are not yet in the overbought zone, but are close to a downward reversal.
• Volumes have dropped after the recent rise, which may signal a weakening of the upward movement.
What’s next?
✅ Good for shorting: if the price cannot establish itself above 0.61 and starts to fall below 0.60. Then the target is 0.595-0.589.
❌ Dangerous for shorting: if the price establishes itself above 0.615, this could lead to a rise in the 0.63-0.665 zone.
Your options:
1️⃣ Hold — if you are confident that there will be a downward reversal.
2️⃣ Lock in part of the loss if the price establishes itself above 0.615.
3️⃣ Add to the short if there is weakness at the levels of 0.61-0.615, but this will increase risks.