#RED LTF Analysis:

$RED is forming a descending triangle, which is a bearish continuation structure, confirmed by lower highs pressing against a flat support zone. $RED is trading below key EMAs, and the repeated rejection from the descending trendline shows sellers remain in control while demand at support keeps weakening.

RED
REDUSDT
0.2351
-7.29%

If the highlighted support fails with volume expansion, downside continuation is likely, targeting the next liquidity zone below. The bearish setup remains valid as long as $RED stays capped under the descending trendline; only a strong reclaim above it would invalidate the pattern and shift the bias toward consolidation or reversal

#RED