$RED

USDT BEARISH SETUP – REJECTION CONFIRMS DOWNSIDE POTENTIAL 🚨

The price action on $REDUSDT has shown a clear rejection from the 0.2960 – 0.2966 resistance zone, indicating potential for a deeper pullback.

🔑 Key Levels:

Resistance: 0.2960 – 0.2966 (strong rejection zone)

Support: 0.2850 (minor support), deeper support at 0.2697 – 0.2698

Current Price: 0.2903

📉 Trade Setup (Short):

Entry: 0.2900 – 0.2910

Take Profit: 0.2698

Stop Loss: 0.2963

📝 Market Outlook: Bears have regained control after testing resistance. If price maintains below 0.2960, a continued drop towards the 0.2700 zone is likely in the coming sessions. Market momentum favours sellers as long as resistance holds.

⚠️ Risk Management: Use proper position sizing with a defined SL above 0.2963. Do not risk more than 1-2% of your capital on this trade to protect your equity and ensure longevity in trading.

💭 Comment “🔥” if you’re ready to catch this bearish move with discipline!

#Crypto #REDUSDT #BearishSetupj #TradingSignals #RiskManagement

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