🚨 RED Coin Analysis – Should You Invest now or wait ?
I’ve done some research into RedStone (RED) and here’s my take:
⚠️ Why You Should Be Cautious
1️⃣ 240 million coins will enter circulation after the pre-market phase—expect selling pressure.
2️⃣ The price has been trading around $0.60 in the first two days, similar to previous new listings.
3️⃣ Pumped 100% from $0.20 to $0.40, but the real test is whether it holds or retraces.
📈 What’s Next?
If momentum holds, we could see a breakout toward $0.50–$0.60 soon. However, be mindful of possible whale sell-offs once the pre-market phase completed.
My advice: Don’t invest more than 30% of your planned capital in RED until it proves stability. Watch for post-listing corrections and trade accordingly.
🤔What will be your strategy? Hold or take profits, comment your thoughts ?
