$RED has just recovered a key support—bulls preparing for another upward move

Current Price: $0.2822

24h Change: +5.22%

24h 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 top of the daily range after a strong bounce from the low of $0.2545. Momentum is steady, and the price is holding above key intraday levels.

Targets:

TP1: $0.3020

TP2: $0.3180

TP3: $0.3360

Stop-Loss:

Below $0.2730 — breaks below this level would likely interrupt the upward trend.

Technical View

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

A break above $0.2844 would confirm the continuation of the current upward movement.

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

Trading Strategy

Look for a confirmed 1H close above $0.2840 to trigger a new high. The ideal entry remains on dips in the $0.2780–$0.2800 area with strict risk management. The structure remains bullish unless the price falls back below $0.2730.

Buy and Trade here on $RED

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