It looks like #RED is in an interesting spot with the massive pump followed by a pullback. Based on the price action you shared, here’s how I’d approach it:

1. Bullish Scenario: If #RED can reclaim $1.00 and hold above it, there could be another rally toward $1.20–$1.50. This suggests a potential breakout opportunity if the support around $0.80–$0.85 holds.

2. Dip Buy: Watching for a bounce in the $0.80–$0.85 range could be a good opportunity, as it seems to be testing solid support levels. However, if there's any sign of further weakness or the price breaks below $0.75, it's worth reassessing, as there could be more downside risk.

3. Bearish Case: A drop below $0.75 would indicate a stronger bearish trend, and further downside to $0.60–$0.65 could be in the cards. This would trigger caution for those holding positions.

My Game Plan:

Stop-Loss: Definitely set a stop-loss below $0.75 to mitigate potential losses.

Target: I’d keep an eye on the $1.00 reclaim for a breakout or target $1.20 if the bull case plays out.

Volume: I’d also keep an eye on volume—if it starts rising again after the dip, that could signal another leg up.

What are you thinking? Are you leaning towards a dip buy or waiting for confirmation on a bullish breakout?