$RED – MASSIVE SPIKE FOLLOWED BY CONSOLIDATION
RED/USDT exploded with a vertical move to 1.1900, marking over +60% gains in just hours. After the parabolic spike, the price corrected and is now consolidating around 0.6684, with intraday support at 0.5814 and resistance near 0.7427.
This consolidation phase shows buyers still defending higher levels after the sharp pump. A sustained hold above 0.6200 keeps momentum alive, while a break above 0.7427 could reignite bullish strength toward 0.90–1.00. Failure to hold 0.5814 may trigger a deeper retracement.
Trade Setup (Next Move):
Long Entry: 0.6400 – 0.6700
Targets: 0.7427 / 0.9040
Stop Loss: 0.5814
RED remains highly volatile, but as long as support holds, bulls have the edge for another potential upside push.
