🚨 $RDDTB CRASHES 22.9% AS VOLUME EXPLODES 66.9X! ARE BEARS TARGETING $86 NEXT?
$RDDTB is facing intense selling pressure, and the latest price action is keeping sellers firmly in control. A massive 66.9x volume spike alongside a sharp decline suggests aggressive market activity and potential forced selling.
Market Structure:
- 1H Trend: Bearish
- Daily Trend: Bearish
- BTC Alignment: Bearish
- Previous Support: $104.75 broken
- 15M Price Drop: 3.1%
- Volume Spike: 66.9x
The breakdown below $104.75 has weakened the bullish case. For now, there is no confirmed reversal signal.
Bearish Trading Setup:
I am watching for a potential relief bounce into the $107.48–$113.16 supply zone. If price gets rejected there with bearish confirmation, another downside move could follow.
Potential Downside Targets:
- TP1: $104.75
- TP2: $98.00
- TP3: $86.00–$92.00
Key Resistance: $116.67
Invalidation: A 1H candle close above $133.71 would invalidate this bearish outlook.
My strategy: No chasing the red candles. Wait for a relief bounce, liquidity reaction, and lower-timeframe bearish confirmation before considering any short position.
Will RDDTB recover, or are bears preparing another major breakdown?
Not financial advice. Educational analysis only.
CHIL-WITH-CRYPTO
#RDDTB #CryptoTrading #Altcoins #TechnicalAnalysis #BinanceSquare
$RDDTB is facing intense selling pressure, and the latest price action is keeping sellers firmly in control. A massive 66.9x volume spike alongside a sharp decline suggests aggressive market activity and potential forced selling.
Market Structure:
- 1H Trend: Bearish
- Daily Trend: Bearish
- BTC Alignment: Bearish
- Previous Support: $104.75 broken
- 15M Price Drop: 3.1%
- Volume Spike: 66.9x
The breakdown below $104.75 has weakened the bullish case. For now, there is no confirmed reversal signal.
Bearish Trading Setup:
I am watching for a potential relief bounce into the $107.48–$113.16 supply zone. If price gets rejected there with bearish confirmation, another downside move could follow.
Potential Downside Targets:
- TP1: $104.75
- TP2: $98.00
- TP3: $86.00–$92.00
Key Resistance: $116.67
Invalidation: A 1H candle close above $133.71 would invalidate this bearish outlook.
My strategy: No chasing the red candles. Wait for a relief bounce, liquidity reaction, and lower-timeframe bearish confirmation before considering any short position.
Will RDDTB recover, or are bears preparing another major breakdown?
Not financial advice. Educational analysis only.
CHIL-WITH-CRYPTO
#RDDTB #CryptoTrading #Altcoins #TechnicalAnalysis #BinanceSquare