#RED /USDT Surges 100% in Pre-Market: What's Next?*
$ #RED /#USDT has skyrocketed 100% to $0.40, doubling from its pre-market low of $0.20. With Binance listing ahead, traders are watching closely for volatility.
*Key Levels to Watch*
- Immediate Resistance: $0.42 - A breakout here could push RED toward $0.48.
- Support Zone: $0.35 - Holding above this level is crucial to maintain momentum.
*Trade Setup*
- Long Entry: Above $0.40, targeting $0.42 and $0.48.
- Short Entry: Below $0.35, expecting pullbacks to $0.30 and $0.28.
- Stop Loss: $0.37 for longs, $0.41 for shorts.
*Market Insights*
- Pre-market hype driving demand, but caution is key.
- Low initial circulating supply (40M) - Price volatility likely.
- 280M supply to be released upon listing - Potential dilution risk.
With Binance listing ahead, will RED/USDT continue its climb, or is an early sell-off coming? Watch these levels closely.
