hold or sell? any suggestion

𝐈𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭 𝐀𝐧𝐧𝐨𝐮𝐧𝐜𝐞𝐦𝐞𝐧𝐭 𝐟𝐨𝐫 #𝐑𝐄𝐃 𝐓𝐫𝐚𝐝𝐞𝐫𝐬❗

#RED Pre-Market Trading Suspension Alert❗$RED will be suspended from pre-market trading on March 6, 2025, at 14:00 UTC+5 as Binance prepares for its official spot listing❗



📌 What This Means:

✅ Pre-market trading stops before the official spot launch.
✅ Spot trading will begin later – stay tuned for updates!
✅ Market volatility expected – manage your risk accordingly.

Will #RED pump post-listing, or will early profit-taking lead to a correction? Plan your moves wisely❗

$RED /USDT Analysis: Pre-Market Trading Nearing Suspension

$RED is currently trading at $0.8094, down 7.83%, with a 24-hour high of $0.8791 and a low of $0.6500. The price has pulled back significantly from its recent peak at $1.4609.

Key Levels to Watch

Resistance: $0.8500 – A breakout could push RED toward $0.9200 and $1.0000

Support: $0.7000 – A breakdown could lead to further declines toward $0.6500 and $0.6000

Market Insights

SAR: Still bearish, indicating caution

Order Book Sentiment: 66% buy-side, suggesting buyers are stepping in

Pre-Market Suspension: Trading will be suspended on March 6, 2025, at 14:00 UTC+5 in preparation for spot listing

Trade Setup

Long Entry: Above $0.8500, targeting $0.9200 and $1.0000

Short Entry: Below $0.7000, aiming for $0.6500 and $0.6000

Stop-Loss: $0.7500 to protect against further downside

Traders should monitor the price action closely as the suspension date approaches, as increased volatility is likely. Be cautious and manage risk effectively.

#RED