UFO Sighting in Memphis, Tennessee on 2020-07-24 01:00:00 – Bright flashing circle

Around 1am i went outside to take the dog out, i immediately noticed a very bright circle in the sky. it looked way too large to be a star and it was flashing red, at times it looked like there was a green light. i thought maybe it was an airplane but the object did not move position (only slightly) for the whole nearly 15 mins i was outside. it looked like it was hovering and moving slightly