$RED

USDT BEARISH BREAKDOWN – SELLERS TAKE CONTROL AFTER REJECTION

Price action on $REDUSDT shows a strong rejection from the key resistance zone near 0.3139, triggering a sharp sell-off. The pair attempted a breakout but failed to sustain above resistance, forming a long wick candle, confirming bearish dominance.

Trade Setup (Short)

Entry: 0.2860 (current market price)

Targets:

TP1: 0.2699

TP2: 0.2657

Stop Loss: 0.3274

Key Levels:

Resistance: 0.3139 – 0.3277

Support: 0.2699 – 0.2657

Market Outlook:

Momentum has flipped bearish after the rejection from resistance with heavy selling pressure. If price maintains below 0.2900, further downside is expected towards support levels.

Risk Management:

Use strict SL at 0.3274. Position sizing is crucial due to increased volatility after failed breakout.

buy and trade here on $RED

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