$RED USDT is trading at $0.6468 (+54.70%), after a massive surge that pushed the price to $1.1900 in the last 24 hours before cooling down.
The increase shows strong bullish momentum, supported by large volume, but the current candles indicate short-term profit-taking and consolidation.
If the bulls hold above $0.6300, another attempt to reach $0.80–$1.00 is possible, while a loss of support could trigger a deeper correction.
Trading setup: Long positions above $0.6500 with a target level of $0.80–$1.00, with a stop order below $0.5030 to manage risk.