【$RED Signal】Short squeeze continues, pullback is the entry point

$RED 1H RSI skyrocketed to 96.39, price pushed above the upper band of the 4H Bollinger Bands, initial signs of buy-side order gaps. However, with funding rate at -2% deep discount and stable open interest, the bears are still being continuously squeezed. The order book shows thick buy walls, with dense orders below 0.177, fully exposing the market’s support intent.

🎯Direction: Long

⚡Entry/Order: Layered entries in the 0.1248 - 0.1281 range

🛑Stop Loss: 0.1149

🚀Target 1: 0.1807

🚀Target 2: 0.2070

🛡️Trade Management:
- Execution Strategy: Reduce 50% of positions after reaching Target 1, and move stop loss to break-even. If the price falls back into the entry zone, automatically exit to protect capital.

MACD double cycles show bullish expansion, with 1H volume and price rising together before entering high-level consolidation. In this negative fee environment, the price holding firm often indicates a continuation of the short squeeze. The current risk-reward ratio exceeds 4, providing enough odds to cover risks. The support at 0.1150, where the 4H EMA50 and previous breakout point resonate, remains solid.

View real-time market 👇 $RED
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