$RED /USDC BULLISH CONTINUATION WITH STRUCTURE SUPPORT HOLDING
RED is showing constructive price action after bouncing from its recent base and forming a sequence of higher lows. The market has transitioned from recovery into early trend development, with price stabilizing above reclaimed structure — a sign buyers are defending key levels.
Parabolic SAR positioning beneath price and tightening moving average alignment indicate bullish pressure is gradually increasing. The recent consolidation appears corrective, not distributive, as downside attempts lack strong follow-through and volume remains supportive on upward pushes.
Volatility compression near the highs suggests the market is preparing for another expansion leg. A sustained hold above support increases the probability of continuation toward higher resistance zones.
LONG SETUP
Entry Zone: Pullback into short-term support and consolidation structure
Stop Loss: Below the higher low and structure breakdown level
Targets:
TP1 – Retest of recent swing high
TP2 – Breakout continuation into next resistance area
TP3 – Measured move projection from the prior impulse leg
Bullish continuation remains favored while price maintains higher-low structure and momentum expands on upward moves. A breakdown below support would shift conditions toward a range.
RISK MANAGEMENT
Risk 1–2% per trade. Take partial profits at TP1 and trail stop to protect gains. Avoid chasing extended candles; prioritize structured pullback entries.
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