$RED ❗️ RED/USDT – Bearish Pressure Continues, But Is a Rebound Coming? ❗️

📉 Support & Resistance Levels

Resistance: $0.5545 → Breakout level for bullish reversal

Support: $0.5064 → Critical level to watch for breakdown

🔥 Market Strength Still Weak

24H Volume: 57.99M RED – High selling pressure remains

RSI (30.59): Near oversold, possible short-term bounce.

MACD: Still bearish, showing weak momentum for a reversal.

Order Book: Sellers are still in control, but some buyers are stepping in.

📈 Recommended Trade Setups

🟢 LONG Setup (If price bounces from support)

Entry: Confirmed bounce above $0.5150

Target 1: $0.5450

Target 2: $0.5545

Stop Loss: $0.5000

🔴 SHORT Setup (If price breaks below support)

Entry: Breakdown below $0.5060

Target 1: $0.4850

Target 2: $0.4680

Stop Loss: $0.5250

⚠ Final Thoughts

❗️ RED/USDT is heavily bearish, but RSI is near oversold, suggesting a possible short-term bounce. If $0.5064 breaks, expect further downside. Watch for volume confirmation! 🚨

🔍 Where do you see RED heading next? Drop your predictions below! 👇

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