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$RED /USDT has skyrocketed from $0.2000 to $0.6000, marking a 200% surge in just 24 hours. Currently, the price is holding at its 24-hour high, showing no signs of slowing down.
Key Levels to Watch
Immediate Resistance: $0.6200 – If broken, RED could target $0.6500 and $0.7000.
Support Level: $0.5320 – Holding above this level is crucial to maintain momentum. If broken, expect a retest of $0.4400 and $0.3560.
Trade Setup
Long Entry: Above $0.6200, aiming for $0.6500 and $0.7000.
Short Entry: Below $0.5320, expecting a pullback toward $0.4400 and $0.3560.
Stop-Loss: $0.5000 to protect against volatility.
Market Insights
Extreme Bullish Momentum – The launchpool hype is driving heavy speculation.
Low Volume Support – Any sell-off could trigger a sharp correction.
RED/USDT is at a critical point—will the rally continue, or is a pullback imminent? Watch these levels closely!