*$RED Price Analysis: What's Next After the Pullback?*

$RED experienced a significant surge to $1.60 but has since retreated to $0.84. Is this a buying opportunity or the start of a larger correction? Let's break it down.

*Key Points:*

- *Strong Breakout*: $RED reached a high of $1.60 after a robust early breakout.

- *Sharp Correction*: The price is now testing the $0.80-$0.85 support zone.

- *Decreasing Volume*: Volume is dropping, indicating a cooldown phase.

*Trading Strategies:*

- *Bullish Scenario*: If $RED reclaims $1.00, it may push towards $1.20-$1.50.

- *Dip Buy Zone*: If the price holds $0.80-$0.85, this could be a potential bounce area.

- *Bearish Scenario*: If $RED drops below $0.75, it may experience further downside towards $0.60-$0.65.

*Important Reminder:* The market is highly volatile. Trade smart, set stop-losses, and avoid FOMO.

Are you trading $RED? What's your strategy?#TrumpCongressSpeech #MarketRebound