#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 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
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