$RED /USDT BEARISH PRESSURE: FURTHER DOWNSIDE EXPECTED 🚨

📉 Market Analysis:

$RED /USDT is currently trading at $0.5894 (-5.21%) after failing to hold key support. The price recently touched a low of $0.5620, and if this level breaks, the next major support sits at $0.5170. Bulls need to reclaim $0.6416 to reverse the bearish momentum and regain upward traction.

🔎 Key Levels:

Resistance: $0.6416, $0.7148

Support: $0.5620, $0.5170

💼 Trade Setup:

Short Entry: $0.5890

Take Profit 1: $0.5620

Take Profit 2: $0.5170

Stop Loss: $0.6416

⚠️ Risk Management:

Use a tight stop-loss above $0.6416 to limit risk. Monitor for volume confirmation before adding to the position.

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REDUSDT