$RED /USDT – Bearish Breakdown Signals Further Downside Pressure
RED has seen a sharp rejection from the 0.2876 level, followed by an aggressive sell-off on the 15m chart. The strong sequence of red candles indicates heavy selling pressure, with price failing to hold previous support levels.
Market structure is currently bearish, and momentum continues to point downward as buyers show no meaningful reaction.
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🔹 Trade Setup (Short Entry)
Entry Range:
0.2760 – 0.2790
Target 1: 0.2685
Target 2: 0.2610
Target 3: 0.2540
Stop Loss (SL): 0.2845
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RED is clearly trending downward after losing its intraday support and forming lower highs + lower lows. RSI momentum is also pointing down, confirming weakness across the structure.
As long as price remains below 0.2790, sellers stay in full control and a continued move toward lower support zones is likely.
A reclaim above 0.2845 would invalidate the bearish outlook and signal a potential reversal.
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buy and trade here on $RED
