$RED surged to $1.60, but now it's pulling back to $0.84. Is this a prime dip-buy opportunity or the beginning of a deeper correction? Let’s break it down!
🔥 Key Observations:
✅ Strong breakout to $1.60 before retracing.
✅ Now testing the $0.80–$0.85 support zone.
✅ Volume declining—indicating a cooldown phase.
💡 Trading Strategy:
🔹 Bullish Scenario: A reclaim of $1.00 could spark another push toward $1.20–$1.50.
🔹 Dip Buy Zone: If $0.80–$0.85 holds, a potential bounce could be in play.
🔹 Bearish Scenario: A break below $0.75 may open the door for further downside to $0.60–$0.65.
⚠️ Risk Management:
The market is highly volatile—set stop-losses, manage risk, and avoid FOMO!
👉 Are you trading $RED ? What’s
your strategy? 💬👇
