$RED Supply Squeeze Intensifies: Will It Break $1 Soon?

It appears that no one is eager to sell $RED at these levels. Just yesterday, I placed a buy order at $0.40, only to watch it sit unfilled for hours. Now, with the price surging to $0.60, the likelihood of orders getting filled at these rates has plummeted even further.

๐Ÿ’ฐ Thin Liquidity & Low Trading Volume ๐Ÿ’ฐ

Since yesterday, the total trading volume has remained below $400Kโ€”a clear indication that holders are unwilling to part with their tokens at this stage. And why would they? With the market cap still sitting at just $24M, the upside potential is enormous. A move past $1+seems increasingly likely as demand grows.

โš ๏ธ Strategic Patience or FOMO? โš ๏ธ

I won't be placing another buy order at $0.60โ€”the probability of execution seems low. However, if you're feeling bold, you might still secure an entry. Personally, I'll wait for the price cap to be lifted before making my next move.

๐Ÿš€ Is This Just the Beginning for $RED? ๐Ÿš€

The current price action suggests a tightening supply, and if momentum continues, a parabolic breakout may be on the horizon.

๐Ÿ’ฌ Let me know if you manage to get in!

#RED #CryptoTrends2024 #LowSuppl #BullishOnMe #CryptoTrading #MarketSqueez #Altcoins $RED