$RED /USDT Trade Setup

Market Insight:

$RED is showing bullish momentum, gaining +13.55% in the last 24 hours with healthy trading volume (RED: 11.06M, USDT: 3.54M). Price is nearing the upper Bollinger Band (0.3410), suggesting a potential breakout or overbought condition.

Entry:

$0.314 – $0.328

Look for pullbacks near the middle Bollinger Band (MB: 0.3272) for a low-risk entry.

Targets:

Target 1: $0.340 (test recent high)

Target 2: $0.355 (extension above Bollinger UP)

Target 3: $0.370 (psychological and historical resistance zone)

Stop Loss:

$0.298

Below recent local support and lower Bollinger Band (DN: 0.3134) for downside protection.

Key Levels:

Support: $0.298 / $0.283

Resistance: $0.340 / $0.355

Pivot Level: $0.327 (Bollinger MB)

Pro Tip:

Volume and volatility are both increasing. Consider scaling in around $0.315–0.320 if price retraces. Watch for a clean breakout above $0.341 with volume confirmation to ride momentum.

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