$RED ’s +4.5% 15m surge on 2.89x volume: real momentum or a liquidity trap?
My bias remains bullish on the 1h as long as the higher-low structure holds. However, the weekly trend is still bearish, so I’m not chasing the pump at 0.1208 with RSI already stretched around 77.5.
I’m watching for a pullback into the 0.1144–0.1087 demand/FVG zone. A liquidity sweep followed by a bullish lower-timeframe structure shift could offer the ideal confirmation.
Targets: 0.1223 → 0.1236 → 0.1293
Invalidation: A 1h close below 0.1024 would weaken the bullish setup and flip the bias bearish.
#RED #CryptoTrading #Binance #Altcoins #TechnicalAnalysis $RED
My bias remains bullish on the 1h as long as the higher-low structure holds. However, the weekly trend is still bearish, so I’m not chasing the pump at 0.1208 with RSI already stretched around 77.5.
I’m watching for a pullback into the 0.1144–0.1087 demand/FVG zone. A liquidity sweep followed by a bullish lower-timeframe structure shift could offer the ideal confirmation.
Targets: 0.1223 → 0.1236 → 0.1293
Invalidation: A 1h close below 0.1024 would weaken the bullish setup and flip the bias bearish.
#RED #CryptoTrading #Binance #Altcoins #TechnicalAnalysis $RED