$RED Trading Strategy
Basic Information
Current Price: 0.8234 USDT (based on latest data, 24h increase +32.61%)
Support Level: 0.60-0.70 USDT
Resistance Level: 0.90-1.00 USDT (short-term target), 1.38 USDT (historical high)
Market Trend: Short-term high, potential for pullback risk, long-term potential is positive (DeFi oracle track)
Trading Strategy
Entry Point:
Wait for the price to pull back to around the support level of 0.70 USDT, accumulate in batches.
Or enter when the 4-hour K-line closes above 0.90 USDT (must confirm the validity of the breakout).
Stop-Loss Setting:
Short-term trading: Set stop-loss 5%-8% below entry price (e.g., if entering at 0.70 USDT, stop-loss at 0.65-0.66 USDT).
Long-term holding: Set stop-loss below the support level of 0.60 USDT (e.g., at 0.58 USDT).
Take Profit Target:
First target: 0.90 USDT (short-term resistance level, profit 10%-15%).
Second target: 1.00 USDT (breakout signal).
Long-term target: 1.38 USDT (historical high, subject to market sentiment adjustment).
Risk Management:
Position Control: No single trade should exceed 10%-15% of total capital.
Monitor Market Volatility: Recent Binance suspension events may affect confidence, beware of sudden negative news.
Combine Technical Indicators: If RSI is overbought (>70), reduce positions and wait.
Market Analysis
Short-term: After a 32.61% price increase, a pullback may occur; it is advisable to wait for a buying opportunity.
Long-term: RedStone has strong fundamentals, serves 70+ chains, covers 1250+ assets, and growing DeFi demand supports the price.
Notes: Token release (increasing to 1 billion over the next 4 years) may exert pressure; keep an eye on project dynamics.
Short-term traders: Patiently wait to buy near 0.70 USDT, set strict stop-loss.
Long-term investors: Accumulate in batches, hold until 1.38 USDT or higher,
$RED #BNBChainMeme热潮