$RED
BULLISH BREAKOUT ANALYSIS
$RED has shown a strong bullish momentum after breaking key resistance levels with impressive volume support. The asset is trading higher, forming higher highs and higher lows, signaling continuation of the uptrend.
Technical Outlook:
Price successfully held above breakout zone and surged towards new resistance levels.
Strong buying volume confirms accumulation and potential for further upside.
Next resistance lies near 0.6589; sustained momentum could push it higher.
Targets (TP):
TP1: 0.6080
TP2: 0.6473
TP3: 0.6589
Stop Loss (SL):
0.5060 (below major support)
Risk Management:
Use 2-3% risk per trade, trail stop-loss on profits, and scale out near targets.