https://www.legacysurvey.org//viewer/?ra=16.6082&dec=12.5982&layer=ls-dr9&zoom=14
The red thing you’re looking at is WX Piscium, an AGB star that exhibits variable mass loss. Scientists suggest that this star is undergoing the post-AGB stage. A cloud of nebulosity surrounds it, and it might be a protoplanetary nebula candidate. (or the early stages of it)
Here are some papers that cover this object in detail.
Hubble Space Telescope images of the WX Piscium
