$RED ‌Current price: $0.3019



Direction: Short

Reasons:

1. Main positions decreasing, 24H +19.20% volume-price divergence, suspected pump and dump.

2. 1-hour MACD death cross continues, bearish momentum increasing, bullish strength weakening.

3. RSI at 36 range, not yet stabilized, rebound lacks capital support.

4. Price broke below Fibonacci 38.2% retracement level ($0.315), key support lost.

Support levels:

1. $0.280 (Fibonacci 50% retracement level)

2. $0.255 (recent consolidation lower bound, strong support)

Resistance levels:

1. $0.315 (Fibonacci 38.2% retracement level, strong resistance)

2. $0.340 (previous high, psychological resistance)

Suggested take profit: $0.258, stop loss: $0.318
RED-4.45%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)