$RED USDT BEARISH REVERSAL IN PLAY โ RALLY FADES AS SELLERS RETURN! ๐ป
After a sharp spike to 0.4232, $RED failed to hold gains and is now trending downward. Price has broken below the short-term moving averages, forming a lower high structure. If support at 0.3780 breaks, more downside could follow fast.
๐ Trade Setup (Short):
Entry Zone: 0.3805 โ 0.3840
Take Profit 1: 0.3685
Take Profit 2: 0.3590
Stop Loss: 0.3925
๐ Market Outlook:
Momentum has clearly shifted after the breakout got rejected. Lower highs and increasing red volume bars show that bears are gaining control. A clean breakdown below 0.3780 could accelerate the retracement toward prior support levels.
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buy and trade here on $RED