$RED /USDT – Possible signals of further downward pressure
RED has experienced a sharp rebound from the level of 0.2876, after which there was an aggressive sell-off on the 15-minute chart. A strong sequence of red candles indicates significant selling pressure, while the price was unable to hold previous support levels.
The market structure currently leads to a decline, and the momentum continues to point downwards, as buyers show no significant reaction.
🔹 Trade setup (short position)
Entry range:
0.2760 – 0.2790
Target 1: 0.2685
Target 2: 0.2610
Target 3: 0.2540
Stop-loss (SL): 0.2845
RED is clearly moving down after losing the intraday support level and forming lower highs + lower lows. The RSI momentum also points downwards, confirming weakness in the structure.
As long as the price remains below 0.2790, sellers have complete control of the situation, and a continuation of movement to lower support zones is likely.
A recovery above 0.2845 will cancel the bearish forecast and signal a possible reversal.
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buy and trade here at $RED
