#GateSquareAprilPostingChallenge $RED experienced a strong rejection after a recent price pump, with long positions getting liquidated. This signals sellers are stepping in, especially after the price overextended.

 
The post suggests a short position on RED, with entry between 0.180 – 0.185, stop loss at 0.192, and multiple take profit targets down to 0.150. The liquidation of3.07K at 0.1823 indicates increased selling pressure.
 
In the past 24 hours, $RED ‌ traded between 0.1592 and 0.2444, showing high volatility. The current price is around 0.1824, which aligns with the suggested short entry zone. If price remains below 0.185, further downside is likely, matching the strategy outlined.