Its good for your first, but can use some work. Your main problem is the shading. The tail can use a little more dark shade, the body can use some more shading, and the rightleg is really off. Try looking at a reference when shading your sprites.
Also, i would reccomend that if your new to revamping, try doing some some Gold and silver ones before going to red/blue. They are simpler to do, and they dont need as many edits.