$RED Pre-Market Volatility – What’s Next? 🚀
$RED surged to $1.60 but is now pulling back to $0.84—is this a prime dip-buy opportunity or the start of a larger correction? Let’s break it down!
🔥 Key Insights:
✅ Strong breakout with a high of $1.60.
✅ Sharp retracement, now testing the $0.80–$0.85 support zone.
✅ Declining volume, indicating a potential cooldown.
💡 Trading Plan:
🔹 Bullish Scenario: If $RED reclaims $1.00, we could see another move toward $1.20–$1.50.
🔹 Dip Buy Zone: Holding $0.80–$0.85 could signal a potential bounce.
🔹 Bearish Scenario: A drop below $0.75 may lead to further downside toward $0.60–$0.65.
⚠️ Risk Management:
The market is highly volatile—set stop-losses, manage risk, and avoid chasing FOMO trades!
👉 Are you trading $RED? What’s your strategy? Drop your thoughts below! 💬👇