🚀 $RED Pullback or Bounce?

🔹 Bullish Setup:

📈 Entry: $0.62 - $0.63 (Buy on dips)

🎯 TP1: $0.65

🎯 TP2: $0.68

🛑 SL: $0.61

✅ Confirmation: Holding above $0.62 with rising volume

🔻 Bearish Setup:

📉 Entry: $0.63 - $0.64 (Short if rejection confirmed)

🎯 TP1: $0.60

🎯 TP2: $0.58

🛑 SL: $0.65

✅ Confirmation: Rejection near $0.64 with declining momentum

📌 Key Insights:

$RED is up +1.68%, but retracing from $0.71 high.

RSI 28.20, nearing oversold, indicating a potential rebound.

MACD showing bearish momentum, suggesting possible further downside.

📊 Trading Plan:

Watch for volume surge at support for a bounce.

Adjust SL to breakeven after TP1 is hit.

If shorting, ensure rejection is clear before entering.

📢 Your Turn!

Will $RED recover or continue dropping? Drop your thoughts! 🚀📉🔄

DYOR 📌