$RED
RED/USDT PULLBACK 📉 | NEXT MOVE?
RED is down -3.36%, currently trading at $0.7756, after hitting a 24H high of $0.9118. Selling pressure has increased, leading to a retracement, but key support levels remain intact.
Long Setup (If Support Holds Above $0.75)
Entry Zone: $0.75 - $0.78
Target 1: $0.82
Target 2: $0.88
Stop Loss: $0.72
Short Setup (If Breakdown Below $0.75)
Entry Zone: $0.72 - $0.75
Target 1: $0.70
Target 2: $0.66
Stop Loss: $0.78
Market Insights
Breakout Watch: A reclaim above $0.80 could trigger bullish momentum toward $0.85+.
Support Zone: Holding $0.75 is crucial to avoid further downside.
Pro Tip
If RED consolidates above $0.78, expect renewed buying pressure. Volume confirmation is key before re-entering.