$RED /USDT SHOWING STRONG MOMENTUM – CAN IT PUSH HIGHER?
$RED has surged to a high of $0.6890 before slightly pulling back to $0.6330. Bulls are maintaining control, but key resistance levels are being tested.
Key Levels to Watch:
Resistance: $0.6890 – A breakout could push toward $0.7200 and $0.7500.
Support: $0.6000 – If lost, the price may slide to $0.5500 or lower.
Trade Setup:
Long Entry: Above $0.6500, targeting $0.6890 and $0.7200.
Short Entry: Below $0.6000, targeting $0.5500 and $0.5000.
Stop-Loss: $0.5900 for longs, $0.6500 for shorts.
Market Insights:
Volume Surge: Strong buying volume supports upward movement.
Profit-Taking Risk: Price rejection near highs suggests some selling pressure.
Breakout Potential: Holding above key support could trigger another leg up.
Traders should monitor price action closely to confirm the next move.
