$RED
Red color 1.1004 +37.55% Current price: 1.0900 USD (+39.90%) Highest price in 24 hours: 1.4609 USD Lowest price in 24 hours: 0.8000 USD Trend: Solidarity after strong pump Technical analysis:
Technical analysis $RED
- Moving average 7 (1.1179 USD) is slightly above the price and acts as resistance.
- Moving average 25 (1.1050 USD) supports the price, indicating potential movement within a certain range.
- Moving average 99 (0.9529 USD) shows that the price is still above long-term support.
- Strong increase in volume earlier but now stabilizing, meaning the next move depends on new buying/selling pressure.
Short-term price prediction (next duration 4-8 hours)
1. *Bullish breakout*: If the price breaks 1.1500 USD, expect to re-test the resistance area of 1.20 USD - 1.25 USD.
2. *Sharp collapse*: If the price loses 1.10 USD, the next support is 1.05 USD - 1.00 USD, with major demand near 0.95 USD.
Trading strategy
- *Bullish buy*: Buy above 1.15 USD and target 1.25 USD - 1.30 USD, placing a stop loss below 1.08 USD.
- *Sharp sell*: Sell below 1.10 USD, targeting 1.00 USD - 0.95 USD, placing a stop loss above 1.16 USD.
Conclusion
- If momentum increases, the red color may test 1.25 USD - 1.30 USD.
- If sellers dominate, a drop to 1.00 USD - 0.95 USD is likely.
- Wait for confirmation of the breakout before entering a trade.
