$RED /USDT Riding a Strong Uptrend Channel 💯 🔥 Big Opportunity
Current Price: $0.4029
Structure: The chart shows a clearly defined uptrend channel, with price respecting both the ascending support and resistance lines. Bullish momentum is intact with no major pullbacks yet.
LONG TRADE SETUP
ENTRY ZONE:
Enter between $0.3980 – $0.4030 near the lower half of the channel for a safer risk-reward.
STOP LOSS:
Below $0.3925, in case price breaks below the lower trendline.
TARGETS:
• TP1: $0.4100 (upper channel resistance)
• TP2: $0.4200 (channel breakout)
• TP3: $0.4320 (extension target if breakout confirms)
TRADE INSIGHT:
$RED is moving tightly within a strong upward channel, showing healthy consolidation between moves. As long as price stays within the channel and respects trendline support, bulls remain in control. A breakout above $0.4040 could signal a larger rally.
#RED @Treehouse Official @WalletConnect @Chainbase Official @BounceBit
