$RED / USDT ā Gaining Momentum! š„
$RED is currently trading at $0.4180, showing a solid gain of +5.13%. The 4-hour chart indicates a steady climb with consistent green candles, suggesting increasing buying pressure. It's approaching a recent high.
Potential Trade Setup:
Entry: Consider potential entries around the current level or on slight pullbacks towards $0.4160, looking for support to hold.
Target 1: $0.4221 (24-hour high)
Target 2: $0.4280
Final Target: $0.4300+ (testing previous highs)
Stop Loss: Place a stop-loss below recent swing lows, perhaps around $0.4120, to manage risk.
Key Observation: The consistent upward movement and increasing volume suggest sustained bullish interest. Watch if $0.4221 can be broken decisively for further upside.
Remember to conduct your own thorough analysis before making any trading decisions. Have a great Monday!
