RED/USDT has broken out of its long consolidation phase with a sharp rally, showing strong momentum. Price surged above the 0.5514 resistance and is now trading around 0.6703, attempting to hold above this breakout structure. If buyers maintain control, continuation toward the major resistance at 1.4535 is possible. However, if price fails to sustain above the 0.5514–0.70 supply zone, a pullback to retest 0.4089 support could unfold before another leg higher.
📈 Key Levels:
Buy trigger: Successful retest/hold above 0.5514 support-turned-demand
Buy zone: 0.55 – 0.70 region
Target: 1.4535 major resistance
Invalidation: Daily close below 0.4089 (would negate bullish structure)
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📈 Key Levels:
Buy trigger: Successful retest/hold above 0.5514 support-turned-demand
Buy zone: 0.55 – 0.70 region
Target: 1.4535 major resistance
Invalidation: Daily close below 0.4089 (would negate bullish structure)
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Share your Thoughts if you have any?
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
FREE Telegram Channel👉t.me/supertradeish
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.