$RED /USDT Market Analysis & Trading Strategy

Key Support & Resistance Levels

📌 Resistance Levels:

$0.5689 - $0.5825 → Recent high zone; breakout level.

$0.5866 - $0.6000 → Potential extension target if bullish momentum continues.

📌 Support Levels:

$0.5557 → MA(7) short-term support.

$0.5414 → MA(25) mid-term support.

$0.5273 → MA(99) strong long-term support.

$0.5024 - $0.4983 → 24h low, strong psychological support.

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Technical Indicators & Market Trend

✔ Moving Averages:

MA(7) = $0.5557 (short-term resistance).

MA(25) = $0.5414 (bullish support).

MA(99) = $0.5273 (long-term bullish trend).

✔ Volume Analysis:

High trading volume suggests strong interest in RED/USDT.

If price remains above $0.5557, possible retest of $0.5689 - $0.5825.

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Trade Strategies – Bullish & Bearish Scenarios

📈 Bullish Trade Setup: (If price holds above $0.5414)

Entry: $0.5515 - $0.5557 (on retracement)

Target 1: $0.5689 (resistance test)

Target 2: $0.5825 - $0.5866 (24h high retest)

Stop Loss: Below $0.5414

📉 Bearish Trade Setup: (If price falls below $0.5414)

Entry: $0.5414 - $0.5273

Target 1: $0.5160 (support level)

Target 2: $0.5024 - $0.4983 (24h low retest)

Stop Loss: Above $0.5557

Market Sentiment & Risk Management

✔ Bullish Above: $0.5557 - $0.5689 (momentum continuation).

✔ Bearish Below: $0.5414 - $0.5273 (potential pullback).

✔ Neutral Zone: $0.5273 - $0.5557 (sideways movement).

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