$RED

RED/USDT Overview:

Current Price: $0.3794

Change: +5.51% (Positive price movement in the last 24 hours)

Category: Infrastructure Token

Status: Gainer

24-Hour Trading Data:

24h High: $0.3814

24h Low: $0.3573

Volume (RED): 2.81 million

Volume (USDT): 1.03 million

Order Book Depth (Resistance/Support):

Resistance Levels:

$0.5020

$0.4927

$0.4612

$0.4205

Support Levels:

Current price around $0.3794 is near the 24h high.

Technical Analysis & Insights:

Price Momentum: +5.51% increase suggests positive market sentiment, but not excessive, indicating room for growth.

Volume: 2.81 million RED traded, indicating decent activity. The low volume on USDT (1.03 million) could indicate some hesitation or lower liquidity.

Resistance: The price is near recent highs, so there may be short-term resistance around $0.3814.

Possible Trade Scenario:

Buy Setup:

If price breaks above $0.3814, target levels could be $0.4205 to $0.4612.

Entry could be around $0.3800 - $0.3814, with stop loss below $0.3573.

Sell/Short Setup:

If the price fails to break above $0.3814 and shows rejection, a short could be considered with a target around $0.3573 (the 24h low).

Set a stop loss above the recent high of $0.3814.

Would you like a chart visual with this setup or further detailed trade tips?