RED in Consolidation: Is a Breakout Around the Corner...?🚨 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. 📊
