$RED
RedStone (RED) is currently trading at $0.648435, with a 52.04% increase in the last 24 hours.
*Technical Analysis:*
- *Trend:* RED shows a strong bullish trend, supported by an upward-sloping trendline and consistently forming higher highs and higher lows.
- *Support Levels:*
- *Immediate Support:* $0.426499 (24-hour low), $0.4320 (major support area), $0.5514 (support-turned-demand)
- *Strong Support:* $0.4089 (key support level)
- *Resistance Levels:*
- *Immediate Resistance:* $0.800333 (24-hour high), $0.5925 (resistance level)
- *Higher Resistance:* $1.4535 (major resistance)
*Trading Setup:*
- *Entry Zone:* Consider buying above $0.5514 with confirmation or at the current price of $0.648435.
- *Take Profit:*
- *Short-term Targets:* $0.7600, $0.7330, $0.7112
- *Long-term Targets:* $1.4535
- *Stop Loss:* Set a stop loss below $0.4089 or $0.4320 to limit potential losses ¹ ² ³.
