๐จ $RED /USDT โ Breakout Brewing or Fakeout Risk? ๐๐งจ
$RED just pumped +12.22%, showing strong signs of bullish intent. But is the rally sustainable, or will resistance near $0.42 hold firm? Letโs break it down ๐
๐ Market Overview
๐ Current Price: $0.3856
๐ 24h High: $0.4232
โ๏ธ 24h Low: $0.3395
๐ข Parabolic SAR: $0.3601 (Uptrend intact)
๐ MACD Momentum:
DIF: 0.0284 (Momentum growing)
DEA: 0.0163
MACD: 0.0242 (Positive divergence spotted ๐)
๐ RED Trade Setup โ Key Levels to Watch
๐น Bullish Scenario (If RED holds above $0.38):
Entry: Above $0.3900
Targets: $0.4050, $0.4230, $0.4280
Stop-Loss: $0.3600
๐น Bearish Scenario (If RED breaks below $0.3600):
Entry: Below $0.3590
Targets: $0.3370, $0.3190, $0.3140
Stop-Loss: $0.3900
๐ Should You Hold or Sell?
โ Holding above $0.38 signals short-term bullish continuation
โ MACD building strengthโbuyers in control
โ ๏ธ Losing $0.36 could trigger a deeper pullback
๐ก Pro Tip:
๐ Keep an eye on volume near $0.42โstrong push above it could trigger FOMO buying toward $0.45+
๐ Weak volume rejection near that level may flip short-term bias bearish
๐ข What's your play on $RED? Buying the dip or booking profits?
๐ฅ LIKE & SHARE if this analysis helped you time your entry! ๐ง ๐ฐ