$RED /USDT BEARS TAKE CONTROL – PRICE TESTING CRUCIAL SUPPORT! 🚨
RedStone (RED) is facing strong selling pressure, currently trading around $0.5258 (-4.76%). The price has rejected from the $0.5617 resistance, forming a lower high and breaking down towards $0.5126 support. If this level fails, further downside is likely.
Trade Setup:
Short Entry: Below $0.5200
Take Profit (TP): $0.5050, $0.4900
Stop Loss (SL): $0.5350
Market Outlook:
Bearish momentum dominates as the price trends downward. A break below $0.5126 could accelerate selling, while a reclaim of $0.5350 may invalidate this setup. Trade with caution.
#RedStone #CryptoTrading #Binance #BearishTrend #ShortTheMarket