REDSTONE – Major Support Bounce or Break? Critical Level AheadREDSTONE is sitting at a major decision point.
Price has been compressing under a descending trendline while holding a long-term support zone (highlighted in brown). This combination usually leads to an explosive move — either a breakout reclaim, or a full breakdown into the lower liquidity pocket.
Key Breakdown:
• Long-Term Support Zone:
Price continues to respect this demand block, showing buyers are still active here.
• Descending Trendline:
Price has tapped this line multiple times. A clean daily candle close above it would confirm a structural shift.
• Two Possible Scenarios:
🔵 Bullish Case (Blue Path)
Break & close above the descending trendline
Reclaim of the minor structure (red box)
Potential continuation toward $0.38 → $0.45
This path follows a standard reversal pattern after a long accumulation period.
⚪ Bearish Case (White Path)
Failure to break the trendline
Breakdown from the brown support zone
Full liquidity sweep into the untested zone around $0.16 – $0.18
This level aligns with previous inefficiency + untouched demand.
Why This Matters:
REDSTONE is compressing — and historically, this type of compression leads to large directional moves. This chart is not a signal, but a structural expectation map showing the most probable paths based on trendline behavior + support strength.
📘 Disclaimer (Education Only)
This post is for educational and informational purposes only. It is not financial advice, and I am not a financial advisor.
All analysis reflects my personal opinions and charting for learning purposes.
Always do your own research and manage your own risk before making any trades.
