RED Squeeze Tightens Before the Break
RED is trading at $0.4088, slightly down 0.29%, after a volatile session. The price is stuck between key support and resistance zones, building pressure. A breakout from this squeeze is likely to trigger the next significant move.
Key Levels to Watch
**Resistance Zone:**
- $0.4160–$0.4250 – A strong push above this zone could lead to:
- Target 1: $0.4300
- Target 2: $0.4370
**Support Zone:**
- $0.4050 – A break below this may open downside targets at:
- Target 1: $0.4000
- Target 2: $0.3940
### **Trade Setup – Momentum Loading Up**
**Bullish Scenario:**
- Entry: Confirmed breakout above $0.4160
- Targets:
- $0.4300
- $0.4370
- Stop-Loss: Below $0.4080
**Bearish Scenario:**
- Entry: Breakdown below $0.4050
- Targets:
- $0.4000
- $0.3940
- Stop-Loss: Above $0.4110
