Analysis for trade $RED /USDT with entry points:

1. Key levels and current situation
- Current price: $0.4205 (+4.52% for 24h)
- 24h range: $0.3992 – $0.4328 (high volatility)
- Support:
- $0.415–0.410 (cluster of buy orders: 31K–225K RED)
- $0.405–0.400 (strong zone: 63K–202K RED)
- $0.3992 (daily low, critical level)
- Resistance:
- $0.421–0.425 (nearest sell walls: 16K–75K RED)
- $0.430–0.4328 (historical maximum)
2. Balance of forces (Order Book)
- Buyers:
- $0.415–0.420: 31K–75K RED (immediate support)
- $0.405–0.410: 63K–225K RED (insurance level)
- Sellers:
- $0.421–0.422: 16K–75K RED (nearest resistance)
- Above $0.425, volumes decrease, but a breakout requires high demand.
Conclusion: For growth, a breakout above $0.425 with volume confirmation is needed.
3. Indicators and trend
- EMA:
- Price above EMA7 ($0.4153), EMA25 ($0.4098), EMA99 ($0.4084) – bullish trend.
- MACD:
- DIFF (0.0030) > DEA (0.0014) – bullish momentum.
- Histogram positive (**+0.0016**), but weak.
- Volumes:
- 29.00M RED (11.89M USDT) – moderate liquidity.
Risk: Correction after testing $0.4328 or with decreasing volume.
4. Trade scenarios
🔵 Long (Buy) – Bounce from support
- Entry: $0.415–0.410 (with confirmation of bounce + volume >100K RED)
- Confirmation:
- Candle close above $0.420.
- Take-profits:
- TP1: $0.425 (50%)
- TP2: $0.430 (30%)
- TP3: $0.435 (20%)
- Stop-loss: $0.405 (below key support).
🔴 Short (Sell) – Rebound from resistance
- Entry: $0.421–0.425 (bearish signal + decreasing volume)
- Confirmation:
- Doji/pin bar at the resistance level.
- Take-profits:
- TP1: $0.410 (50%)
- TP2: $0.405 (30%)
- TP3: $0.400 (20%)
- Stop-loss: $0.430.
5. Risk management
- Risk per trade: ≤1.5% of deposit.
- R/R:
- Long: 1:3 (at TP $0.435).
- Short: 1:3 (at TP $0.400).
- Tactics:
- Upon reaching TP1, move SL to breakeven.
6. Summary
- Priority: Long on bounce from $0.415 with TP $0.435.
- Short: Only on clear rebound from $0.425.
- Key factors:
- Volumes – without confirmation, a correction is possible.
- MACD – weak bullish momentum requires caution.
🔍 Details:
- Monitor large orders at $0.410–0.425.
- Watch MACD and overall market trend (BTC/ETH).