🧠 $RED Technical Breakdown | Key Levels & Sentiment
🔹 Current Price: $0.6914
🔺 Daily Range: $0.637 – $0.718
🔍 Trend: Consolidating below key resistance
📉 Support Zones:
$0.665 – $0.670 → Strong base, backed by 60 MA
$0.600 → Key lower support (breakdown risk below this)
📈 Resistance Zones:
$0.710 → Immediate resistance level
$0.726 – $0.778 → Next breakout zone
$0.800 → $0.900+ → Long-term bullish targets
📊 Market Sentiment:
✅ Bullish momentum building — traders watching for breakout above $0.710
⚠️ Some caution: Lower short-term MAs and potential RSI overbought levels could trigger corrections if momentum weakens
📉 Breakdown below $0.665 may lead to retest of $0.600
💡 Strategy Notes:
Bullish bias above $0.710
Wait & watch near $0.665 – this zone is critical
Set alerts at $0.600 (bearish trigger) and $0.750 (bullish confirmation)
