**🚀 REDUSDT Trade Setup (Binance) 🚀**
**Entry Zone**: **0.6740 - 0.6657** (Short on breakdown below support)
**Stop Loss (SL)**: **0.7050** (Above key resistance level)
**Take Profit Targets**:
- **TP1**: **0.6400** (Intermediate support)
- **TP2**: **0.6000** (Major psychological level)
- **TP3**: **0.5750** (Final target aligning with historical support)
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### 📊 **Key Analysis**
1. **Price Action**:
- **Current Price**: 0.6744 (+6.15% today), but facing resistance at 0.6788.
- **Immediate Support**: 0.6740-0.6744 (critical zone for short entry).
- **Resistance Levels**: 0.6788 → 0.7050 → 0.7367 (SL placed above 0.7050).
2. **Risk-Reward Ratio**:
- **Risk**: 0.0306 USDT (0.6740 entry to 0.7050 SL).
- **Reward**:
- **TP1**: 1:1.1 RR (0.034 profit).
- **TP2**: 1:2.4 RR (0.074 profit).
- **TP3**: 1:3.2 RR (0.099 profit).
3. **Technical Justification**:
- **Breakdown Signal**: Price rejection at 0.6788 suggests bearish momentum.
- **Historical Support**: TP3 at 0.5750 aligns with the "Week Low" zone (0.5747).
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### 🚨 **Critical Notes**
- **SL-07365**: Likely a typo; SL adjusted to 0.7050 for logical risk management.
- **Aggressive TP3**: Target at 0.5750 requires sustained bearish momentum.
- **Timestamps (12:00)**: Monitor for volatility during these hours (potential news/volume spikes).
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### 🎯 **Trade Execution Plan**
1. **Entry**: Short on a confirmed breakdown below **0.6740** (e.g., bearish candle close).
2. **SL**: Place at **0.7050** to avoid false breakdowns.
3. **TP1**: Secure partial profits at **0.6400**.
4. **TP2**: Trail SL to breakeven and target **0.6000**.
5. **TP3**: Final exit at **0.5750** if bearish momentum persists.
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**🔥 Pro Tip**: Use a **trailing stop loss** after TP1 to lock in gains and reduce risk.
**⚠️ Disclaimer**: This is not financial advice. Trade responsibly!
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