$RED Potential Bullish Reversal Forming! 🚀📈

#RED is currently trading at 0.4384 (+2.41%), showing signs of recovery after bouncing from the 0.4210 support zone. This rebound suggests a possible short-term trend reversal, especially if the price sustains above 0.4350. A push toward the 0.4600 resistance could open the door for further upside momentum.

Support and Resistance

• Resistance: 0.4450 – 0.4550 – 0.4600

• Support: 0.4350 – 0.4300 – 0.4210

Trade Setup

• Entry Zone: 0.4360 – 0.4400

• Stop Loss: 0.4290

🎯 TP1: 0.4450

🎯 TP2: 0.4550

🎯 TP3: 0.4600

Market Insights

$RED is attempting to break out from a short-term downtrend, with early buying pressure visible on lower timeframes. Holding above 0.4350 will be key for maintaining bullish momentum, while a move past 0.4450 could accelerate gains toward the upper resistance levels.

$RED