【$RED Signal】Short squeeze continues, dip to go long

$RED 1H timeframe experiences violent rally followed by consolidation at high levels, RSI surges to 87, 4H Bollinger Bands are fully open. Negative funding rate at -1.04% combined with stable open interest indicates a typical short squeeze structure. The buy wall below is extremely thick, with over 700k USD in buy orders stacked between 0.1350 and 0.1365, fully exposing the capital support intent.

🎯Direction: Long

⚡Entry/Order: Layered entries in the 0.109 - 0.112 range

🛑Stop Loss: 0.107

🚀Target 1: 0.130

🚀Target 2: 0.140

🛡️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 strong expansion, with 1H volume significantly increasing during the rally. In this deep imbalance, short covering will provide additional fuel. The current risk-reward ratio exceeds 4, making it worthwhile to take a smaller risk to seek upside potential. If the price dips back to the suggested entry zone, it is an excellent sniper point with a favorable risk-reward ratio.

View real-time market 👇 $RED
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