$RED Showing Signs of a Strong Comeback

After surging to $0.4323, $RED pulled back in a healthy correction and is now showing early signs of strength once again. Trading at $0.4084 with over 11% gains, it’s beginning to form a higher low—often the first clue in a bullish continuation pattern.

Support is firm around $0.4000, while resistance remains near $0.4320. Price action is tightening within a favorable range, offering a clean bounce setup between $0.4040 and $0.4100. Targets are stacked at $0.4250, $0.4380, and $0.4550, with risk kept in check below $0.3960.

Momentum is building steadily, and if volume picks up, this move could develop fast. A great setup for traders watching for a technical rebound with strong follow-through potential.

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