$RED has regained key support - bulls prepare for another round upwards

Current price: $0.2822

24-hour change: +5.22%

24-hour volume: 3.54M RED / $953.67K USDT

Range: $0.2545 (low) – $0.2844 (high)

Long trade setup

Entry zone: $0.2780 – $0.2835

The price is consolidating near the daily high range after a strong rebound from the low at $0.2545. Momentum is steady, and the price is holding its key levels throughout the day.

Targets:

TP1: $0.3020

TP2: $0.3180

TP3: $0.3360

Stop loss:

Below $0.2730 — breaking this level may halt the upward trend.

Technical overview

The price is forming higher lows and is pressing against slight resistance.

A breakout above $0.2844 will confirm the continuation of the current upward leg.

Volume is moderate but stable - no signs of profit-taking yet.

Trading strategy

Look for a confirmed hourly close above $0.2840 to trigger a new rise. The ideal entry remains on dips in the $0.2780–$0.2800 zone with tight risk management. The structure remains bullish unless the price drops back below $0.2730.

Buy and trade here on $RED