🚨 Redstone (RED) Breakdown – Setup Invalidated! What’s Next? 🚨

Redstone has lost its critical $0.58 support, triggering a sharp 10% drop to the $0.52-$0.53 zone. This confirms a bearish breakdown, turning the previous support into a strong resistance.

🔍 Key Insights:

📉 Invalidation Zone: $0.58 – As long as RED stays below this, the trend remains bearish.

📊 Next Major Support: $0.50 – Losing this could send prices towards $0.42.

🚀 Rebound Scenario: Only a strong consolidation above $0.58 can revive bullish momentum.

📊 Trading Strategy:

❌ Avoid longs for now – The market is still searching for a bottom.

✅ Watch for $0.42-$0.50 range – This could be the next accumulation zone.

⚠️ Reclaiming $0.58 is crucial – Without it, further downside is likely.

📢 Final Thoughts:

Redstone’s trend has shifted bearish, and buying prematurely could be risky. Wait for a clear reversal signal or a proper base formation before re-entering.

💬 What’s your next move? Holding, buying the dip, or staying on the sidelines? Let us know below! 👇

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