$RED – AFTER THE EXPLOSIVE SPIKE, WHAT’S NEXT?
$RED had a massive pump to 1.1900, followed by a sharp correction, now holding around 0.6595. Despite the drop, price is still up over 60% in 24h, showing strong momentum. If bulls defend the 0.6400 – 0.6500 support zone, a rebound towards 0.72 – 0.80 is possible. But losing this support could trigger further downside to 0.56.
Trade Setup (Long Idea):
Entry: 0.650 – 0.660
Targets: 0.720 / 0.800
Stop Loss: 0.590
$RED is still volatile — high risk, high reward setup!