$RED at $0.1393 is not a bargain yet. It’s a trap for dip-buyers. 🔻
Down 11.16% in 24h and 11.3% in the latest 4h window, with price below the 20d and 50d averages. Ugly.
But volume is just $1.28M, only 0.4x its 20d average. RSI sits at 38, while longs still pay 0.005% funding. This looks closer to exhaustion than real panic. 👀
I’d watch $0.14: reclaim it and I’m interested. Rejection means I stay out. $ETH strength won’t save a broken setup.
Who else is watching RED?
#RED #Crypto
Down 11.16% in 24h and 11.3% in the latest 4h window, with price below the 20d and 50d averages. Ugly.
But volume is just $1.28M, only 0.4x its 20d average. RSI sits at 38, while longs still pay 0.005% funding. This looks closer to exhaustion than real panic. 👀
I’d watch $0.14: reclaim it and I’m interested. Rejection means I stay out. $ETH strength won’t save a broken setup.
Who else is watching RED?
#RED #Crypto