$RED dropped into the 0.0919 area after a wave of long liquidations, where sellers forced weak positions out of the market. Price is now testing this support zone, and the reaction here will decide whether buyers can regain control.
On the 15m chart, selling pressure is fading while candles are starting to build a small base. If higher lows continue to develop and buyers absorb the remaining supply, a short-term recovery becomes more likely.
Entry Point
0.0918 – 0.0926
Target Point
TP1: 0.0945
TP2: 0.0968
TP3: 0.0995
Stop Loss
0.0902
This setup depends on support holding and buying volume improving. A stronger candle close above nearby resistance would confirm that momentum is shifting back toward the buyers.
$RED
On the 15m chart, selling pressure is fading while candles are starting to build a small base. If higher lows continue to develop and buyers absorb the remaining supply, a short-term recovery becomes more likely.
Entry Point
0.0918 – 0.0926
Target Point
TP1: 0.0945
TP2: 0.0968
TP3: 0.0995
Stop Loss
0.0902
This setup depends on support holding and buying volume improving. A stronger candle close above nearby resistance would confirm that momentum is shifting back toward the buyers.
$RED