$RED Pre-Market Volatility โ Whatโs Next? ๐
After a massive pump to $1.60, $RED has pulled back to $0.84. Is this a buy-the-dip opportunity or the start of a larger correction? Letโs break it down.
๐ฅ Key Levels to Watch:
โ Strong breakout to $1.60 before retracing.
โ Now testing support at $0.80โ$0.85.
โ Declining volume, indicating a cooldown.
๐ก Trading Scenarios:
๐น Bullish Case: If $RED reclaims $1.00, it could push toward $1.20โ$1.50.
๐น Dip Buy Zone: Holding $0.80โ$0.85 may trigger a rebound.
๐น Bearish Case: A drop below $0.75 could lead to further downside toward $0.60โ$0.65.
โ ๏ธ Risk Management:
Markets are volatileโtrade wisely, use stop-losses, and avoid chasing pumps.
๐ Are you trading $RED? Share your thoughts below! ๐ฌ๐