$RED USDT BEARISH CONTINUATION POSSIBLE AS PRICE RETESTS LOWER SUPPORT ZONE
REDUSDT on Binance is showing continued downside pressure as the price trades at $0.2869, slipping -3.37%. The pair has been forming lower highs, signaling weakening bullish momentum and a growing possibility of further decline unless buyers step in strongly.
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๐น Key Levels to Watch
Resistance Levels:
$0.4000 โ Major resistance where sellers have consistently reacted.
$0.3800 โ Secondary resistance and a potential rejection zone.
$0.3600 โ Immediate resistance before any meaningful recovery.
Support Levels:
$0.3000 โ Weak support that has already been tested multiple times.
$0.2869 โ Current price area; price is hovering near this support.
$0.2800 โ Next critical support; a breakdown here can open deeper downside.
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๐ Trade Setup โ Bearish Scenario (Short Setup)
Entry:
Short near $0.2950 โ $0.3000 (If price retests this level and gets rejected)
Targets (TP):
TP1: $0.2860
TP2: $0.2800
TP3: $0.2650 (Extended target if bearish momentum strengthens)
Stop-Loss (SL):
SL: $0.3150 (Above the nearest resistance and structure breakdown point)
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๐ Guiding Message
Every chart tells a story, and every movement teaches a lesson. Stay disciplined, trust your analysis, and rememberโprogress comes from consistency. Keep moving forward with confidence! ๐
