RED in Consolidation: Is a Breakout Around the Corner...?

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🚨 Current Market Update on RED 🚨

RED is currently consolidating between key levels:
💥 Resistance: 0.5925
💥 Support: 0.5670

We have two possible scenarios unfolding:

1️⃣ Bullish Breakout: If RED breaks through the resistance at 0.5925 and closes above it on the hourly chart, look for a potential long entry on the retest.

2️⃣ Bearish Breakdown: If RED breaks below 0.5670, we could see a sharp decline toward the next major support at 0.4000.

It's best to sit tight and enjoy your coffee ☕️ while we wait for a clear signal. 📊

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