$RED is 0.7% above its daily EMA20 at $0.156173, and the last 5 days of volume ran 2.59x the 20 days before that.
the 30 day move is +22.41%, 13.8 points ahead of BTC. the week is -1.69%. i read that as a dip inside an uptrend, not a breakdown, and the screener scored it 11 out of 14.
the honest soft spot: the daily MACD histogram is still negative and daily ATR is 9.0% of price, so candles here are not gentle. it already printed a 24h high of $0.1876 and a low of $0.1461 and came back to the middle.
$RED trades at $0.1572 right now. if it holds $0.156173, i think it walks up to the 20-day mean at $0.16307, about 3.7% away. if it loses $0.156173, i'm wrong on this and there's nothing to defend. anyone long eats a loss, and with a 9% ATR the next candle won't wait for you.
holding $0.156173 or losing it?
follow me for more calls like this.
the 30 day move is +22.41%, 13.8 points ahead of BTC. the week is -1.69%. i read that as a dip inside an uptrend, not a breakdown, and the screener scored it 11 out of 14.
the honest soft spot: the daily MACD histogram is still negative and daily ATR is 9.0% of price, so candles here are not gentle. it already printed a 24h high of $0.1876 and a low of $0.1461 and came back to the middle.
$RED trades at $0.1572 right now. if it holds $0.156173, i think it walks up to the 20-day mean at $0.16307, about 3.7% away. if it loses $0.156173, i'm wrong on this and there's nothing to defend. anyone long eats a loss, and with a 9% ATR the next candle won't wait for you.
holding $0.156173 or losing it?
follow me for more calls like this.