$RED Bounce Back in Progress!

$RED is trading at $0.4084 with a solid +11.10% gain. After a sharp rally toward $0.4323, it saw a healthy pullback and is now forming a higher low, suggesting a potential bullish continuation.

Support and Resistance

• Resistance: 0.4320

• Support: 0.4000

Trade Setup

• Entry Zone: 0.4040 – 0.4100

• Stop Loss: 0.3960

🎯 TP1: 0.4250

🎯 TP2: 0.4380

🎯 TP3: 0.4550

Market Insight

$RED is setting up for a rebound after consolidating from its recent high. The current price action is building bullish pressure above support, and volume remains stable. If momentum returns, this setup can offer a quick move to higher resistance zones. Ideal for bounce traders looking for strong risk-reward.