$RED /USDT – Pullback in Focus
RED is trading at 0.2579 (Rs72.28), down 9.06% in the last 24 hours, following a sharp retracement from its 24H high. Traders are closely watching support levels as the market digests recent volatility.
Key Trading Data:
24H High: 0.2870
24H Low: 0.2495
24H Volume: 7.53M RED / 2.01M USDT
Market Analysis:
After failing to hold above 0.280–0.287, RED has entered a short-term consolidation phase. Immediate support lies around 0.255–0.257, while resistance sits at 0.280–0.300. A recovery above resistance could signal a bounce, but traders should remain cautious amid heightened volatility.
Trade Setup:
Entry Zone (if bullish): 0.255 – 0.258
Targets: 0.280 → 0.300
Stop-Loss: 0.250
RED
0.2601
-1.21%
