Red Dragon acro frag not happy

[Reef Pilot]

Got a red dragon acro frag about a month ago, and placed in down a bit in my tank, where the light should not be as strong. But it seems to have bleached a bit on the top side where it is exposed to the light. And has not shown much if any growth yet either. Doesn't seem to be dying though, just not very happy.

The frag came from T5 lights and I have Radion LED lights, and I know they can be harsh on new frags. It was quite red all over when I got it, but quite bleached now, although still some red on its underside.

I have read they do not like a lot of light. So am thinking of moving it to another location which is even deeper and partially shaded. Is this what it needs to get happy and colour up again? Or should I just give it more time at its current location?