🔹 RedStone ($RED ) Market Analysis & Plan
The current price of RED is around $0.67 after a sharp rally driven by its Upbit listing and strong whale accumulation. Trading volume is very high, which shows strong market interest, but this also means volatility is elevated.
• Support levels are around $0.50–$0.55. If the price pulls back there, it could be a good zone to accumulate gradually.
• Resistance is near $0.70–$0.71. A confirmed breakout above this zone with strong volume could push the price higher toward $0.80, and even $1.00 in the mid-term.
• Stop-loss should be placed below $0.44, as a drop under this level may signal a deeper correction.
• Profit-taking strategy: consider securing partial profits if the price reaches $0.80, then again around $1.00, while keeping a portion for longer-term upside toward $1.20+.
In summary, RED is bullish in the short term but may experience a pullback after the recent surge. Long-term fundamentals look promising due to ecosystem growth, but upcoming token unlocks could add selling pressure, so risk management is key.