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๐ #RED Bullish Breakout Alert! ๐
Market Update: A recent short liquidation of $5.0179K at $0.71725 has added fuel to the momentum, signaling strong buying pressure. Bulls are stepping in, eyeing a potential breakout!
๐ฅ Key Levels & Trade Setup
๐น Entry Zone: $0.720 - $0.730
๐น Resistance Levels: $0.750, $0.780, $0.810
๐น Support Levels: $0.700, $0.685
๐น Stop-Loss: Below $0.685 for risk management
๐น Targets:
๐ฏ Target 1: $0.750
๐ฏ Target 2: $0.780
๐ฏ Target 3: $0.810
๐ Market Sentiment & Next Move
Short squeeze underway, driving price higher.
Increasing volume supports a potential breakout continuation.
RSI signals bullish momentum, confirming strength in buying pressure.
๐ข Strategy: Look for a strong breakout above $0.730 with volume confirmation. A clean hold above $0.750 could propel RED toward higher targets. Watch for retests as potential re-entry zones.
Stay sharp and trade smart
#Crypto Market Bounces Up #Crypto ETFs Under Application #TUT Price Rise