🚨 Current Market Update on RED 🚨
RED is currently consolidating between key levels:
💥 Resistance: 0.5925
💥 Support: 0.5670
We have two possible scenarios unfolding:
1️⃣ Bullish Breakout: If RED breaks through the resistance at 0.5925 and closes above it on the hourly chart, look for a potential long entry on the retest.
2️⃣ Bearish Breakdown: If RED breaks below 0.5670, we could see a sharp decline toward the next major support at 0.4000.
It's best to sit tight and enjoy your coffee ☕️ while we wait for a clear signal. 📊
RED is currently consolidating between key levels:
💥 Resistance: 0.5925
💥 Support: 0.5670
We have two possible scenarios unfolding:
1️⃣ Bullish Breakout: If RED breaks through the resistance at 0.5925 and closes above it on the hourly chart, look for a potential long entry on the retest.
2️⃣ Bearish Breakdown: If RED breaks below 0.5670, we could see a sharp decline toward the next major support at 0.4000.
It's best to sit tight and enjoy your coffee ☕️ while we wait for a clear signal. 📊
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.
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.