$RED /USDT TECHNICAL ANALYSIS: BULLISH REVERSAL UNDERWAY
Current Price: $0.2991 (+3.64%)
Timeframe: 4H Chart
KEY LEVELS:
Resistance 1: $0.3055 (24H High – Key Breakout Zone)
Resistance 2: $0.3100 (Psychological Barrier)
Support 1: $0.2900 (Short-term Demand Zone)
Support 2: $0.2770 (Trendline Support & Bullish Invalidator)
TRADE SETUP (LONG):
Entry Zone: $0.2950 – $0.2990 (Buy on retest of support)
🎯 Targets:
TP1: $0.3055
TP2: $0.3100
TP3: $0.3200
Stop Loss: $0.2770 (below key trend support)
Technical Note:
RED is bouncing off the $0.2900 support with strong bullish momentum and rising volume. A break above $0.3055 could ignite a continuation toward $0.3100+ as bulls reclaim short-term control. Trend structure looks solid.
RISK MANAGEMENT:
Risk 1–2% max per trade
Use tight SL to reduce downside exposure
Let profits run, but lock in gains at key levels
RED is heating up — breakout could be next!
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