$RED RED Daily|Volume Breakout, Rebound Space to Be Confirmed



From a technical structure perspective, the first key resistance zone to watch is 0.2779-0.2800. This area is the previous dense trading zone and a supply zone. If it can hold above it with strong volume, the rebound space will open further to the 0.32-0.34 range

Pay attention to the support below at 0.18-0.20. If the pullback does not break through this zone, it will be considered a healthy buildup and consolidation, and you can follow up from the right side. If it breaks through again, you need to be on alert that the rebound may fail

The market is still in an oversold rebound repair phase. Chasing after a rise offers limited cost-effectiveness. It is recommended to wait for confirmation on the pullback or after a breakout of key resistance before setting up a “right-side” position. Risk control is always the top priority
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