$RED /USDT is currently trading around 0.2586, showing steady strength with a +1.53% move in the last 24 hours. After a clean bounce from the 0.249–0.250 support zone, price has reclaimed higher levels and is now consolidating just below a key resistance area.
On the 1H timeframe, bullish candles and higher lows indicate improving momentum. Buyers are gradually stepping in, and price action suggests a potential continuation if resistance is broken with volume.
Trade Setup
Entry Zone:
• 0.2550 – 0.2580
Targets:
• Target 1: 0.2620
• Target 2: 0.2680
• Target 3: 0.2750
Stop Loss:
• 0.2490
Technical Outlook
Strong support held near 0.249–0.251, confirming buyer interest
Current consolidation below 0.260–0.261 resistance
A clean breakout and close above 0.261 can trigger acceleration toward higher targets
Failure to hold 0.249 would invalidate the bullish setup
If the breakout level is taken with solid volume, $RED /USDT has room for a sharp upside move, potentially opening the door for a broader rally. Risk management is key, especially around the resistance zone.
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