Bit_Guru
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Bullish
🚀 $RED give Massive Pump, But What’s Next ⛔📛
$RED has witnessed an explosive move, surging 41.06% in the last 24 hours, peaking at $1.4609 before pulling back to $1.1285.
Key Market Observations
Strong Buying Pressure: The sharp move upwards suggests a sudden influx of volume, likely due to speculative interest or market-making activity.
Pre-Market & Launchpool Impact: Since RED is listed under Binance’s Pre-Market & Launchpool, early demand could be driving aggressive price action.
Profit-Taking Phase: The pullback from $1.46 signals short-term selling pressure after an initial surge.
Possible Scenarios
1️⃣ Bullish Case: If $1.10 holds as support, we might see another attempt at breaking $1.30-$1.40, with a potential retest of $1.46.
2️⃣ Bearish Case: A break below $1.00 could lead to further retracement toward the $0.80-$0.85 demand zone.
What to Watch?
Holding $1.10 as support could trigger renewed buying.
Increased trading volume & funding rates can determine if the rally sustains or fades.
Breakout above $1.30 = bullish continuation, while losing $1.00 = deeper correction.
Pro Tip: Avoid FOMO buying at highs—watch for retracement opportunities!
#Crypto_Jobs🎯 #BinanceSquareTalks #REDUSDT
$RED has witnessed an explosive move, surging 41.06% in the last 24 hours, peaking at $1.4609 before pulling back to $1.1285.
Key Market Observations
Strong Buying Pressure: The sharp move upwards suggests a sudden influx of volume, likely due to speculative interest or market-making activity.
Pre-Market & Launchpool Impact: Since RED is listed under Binance’s Pre-Market & Launchpool, early demand could be driving aggressive price action.
Profit-Taking Phase: The pullback from $1.46 signals short-term selling pressure after an initial surge.
Possible Scenarios
1️⃣ Bullish Case: If $1.10 holds as support, we might see another attempt at breaking $1.30-$1.40, with a potential retest of $1.46.
2️⃣ Bearish Case: A break below $1.00 could lead to further retracement toward the $0.80-$0.85 demand zone.
What to Watch?
Holding $1.10 as support could trigger renewed buying.
Increased trading volume & funding rates can determine if the rally sustains or fades.
Breakout above $1.30 = bullish continuation, while losing $1.00 = deeper correction.
Pro Tip: Avoid FOMO buying at highs—watch for retracement opportunities!
#Crypto_Jobs🎯 #BinanceSquareTalks #REDUSDT
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.