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📊 Short-Term Analysis for $RED /USDT (15m - 1h - 4h) 🔥

📉 Why a Short Trade?

1️⃣ Key Resistance at $0.6100 - $0.6200 🚧

🔹 RED has faced strong rejection near $0.6100, suggesting a potential downturn.

🔹 If the price stays below $0.6000, expect more selling pressure towards $0.5850 - $0.5815.

2️⃣ Lower Highs Formation 📉

🔹 RED is showing lower highs, indicating bearish momentum.

🔹 A break below $0.5850 could lead to a stronger downtrend towards $0.5700 - $0.5600.

3️⃣ Decreasing Volume, Bears in Control 📊

🔹 24H Volume: 10.58M USDT – Selling pressure increasing.

🔹 If RED doesn’t reclaim $0.6100, further downside pressure is likely.

4️⃣ Key Support at $0.5850 - $0.5815 🛑

🔹 A breakdown below $0.5850 could confirm a move towards $0.5700 - $0.5600.

🔹 Watch for strong bearish candles with volume confirmation.

📊 Short-Term Trade Setup (15m - 1h - 4h) 📊

🔹 Short Entry: $0.6000 - $0.6050 (On pullbacks)

🎯 Targets: $0.5900, $0.5850, and $0.5700

🛑 Stop Loss: $0.6200 (Above resistance)

🔸 Breakdown Confirmation:

✅ If $0.5850 breaks, expect a move towards $0.5700 - $0.5600.

✅ If RED reclaims $0.6100, exit shorts.

⚠️ Risk Management:

🔸 Keep your stop loss tight above $0.6200 to minimize risk.

🔸 Monitor volume & price action for bearish continuation confirmation.

📉 Overall Bias: Bearish (As long as $0.6100 holds as resistance)

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