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$RED Massive Breakout — Momentum Ignited!
$RED just exploded nearly +20% with a strong impulsive candle from the 0.16 accumulation zone straight toward 0.20 resistance. This kind of vertical move shows aggressive buyer interest and heavy volume expansion. However, after such a sharp spike, short-term pullbacks or consolidation near 0.19–0.20 are completely normal before the next decision move.
Key levels to watch 👇
• Support: 0.180 – 0.185 (previous breakout base)
• Resistance: 0.200 – 0.205 (rejection wick zone)
If price holds above 0.185, continuation toward 0.22 is possible. Losing 0.18 could trigger a quick retrace back to 0.17 liquidity.
Smart approach: Don’t chase green candles. Wait for healthy pullbacks and manage risk properly. Momentum is strong — but structure confirmation matters.
#RED #CryptoTrading