$RED Explodes from the Dip – Bulls Drive Sharp Reversal....

$RED just pulled off a powerful recovery on the 1H chart, bouncing from $0.3510 to a high of $0.4048 in a single sharp leg up. After a strong selloff earlier, buyers stepped in with volume, reclaiming levels fast and flipping sentiment.

With +40% gains in 30 days and strong price action today, this reversal could open the door to another rally leg.

Long Trade Setup (Reversal Breakout Play):

Entry Zone: $0.3920 – $0.3950

Stop Loss: $0.3790

Target 1: $0.4050 (24H high retest)

Target 2: $0.4190 (previous resistance zone)

Target 3: $0.4370 (bullish extension)

Setup Insight:

Watch for a breakout and candle close above $0.405. If volume sustains and $0.395 holds as support, $RED may rally toward the next resistance cluster swiftly. Momentum is clearly shifting in favor of the bulls.