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đ Short-Term Analysis for $RED /USDT (15m - 1h - 4h) đ„
đ Why a Short Trade?
1ïžâŁ Key Resistance at $0.6100 - $0.6200 đ§
đč RED has faced strong rejection near $0.6100, suggesting a potential downturn.
đč If the price stays below $0.6000, expect more selling pressure towards $0.5850 - $0.5815.
2ïžâŁ Lower Highs Formation đ
đč RED is showing lower highs, indicating bearish momentum.
đč A break below $0.5850 could lead to a stronger downtrend towards $0.5700 - $0.5600.
3ïžâŁ Decreasing Volume, Bears in Control đ
đč 24H Volume: 10.58M USDT â Selling pressure increasing.
đč If RED doesnât reclaim $0.6100, further downside pressure is likely.
4ïžâŁ Key Support at $0.5850 - $0.5815 đ
đč A breakdown below $0.5850 could confirm a move towards $0.5700 - $0.5600.
đč Watch for strong bearish candles with volume confirmation.
đ Short-Term Trade Setup (15m - 1h - 4h) đ
đč Short Entry: $0.6000 - $0.6050 (On pullbacks)
đŻ Targets: $0.5900, $0.5850, and $0.5700
đ Stop Loss: $0.6200 (Above resistance)
đž Breakdown Confirmation:
â If $0.5850 breaks, expect a move towards $0.5700 - $0.5600.
â If RED reclaims $0.6100, exit shorts.
â ïž Risk Management:
đž Keep your stop loss tight above $0.6200 to minimize risk.
đž Monitor volume & price action for bearish continuation confirmation.
đ Overall Bias: Bearish (As long as $0.6100 holds as resistance)
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