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If the red light is on for high temp, the first thing you'll need to do is pull everything out of the freezer and remove the lower back panel inside the freezer. Look at the silver evaporator coils behind this panel and are they packed with frost, lightly frosted from top to bottom, some frost on top but not on bottom, no frost at all, etc... ? Also, is the fan above the coils running?
ok good luck.
Unfortunately that means you have a freon leak or an inefficient compressor--not something you can fix yourself. The coils should be lightly frosted from top to bottom so if they aren't lightly frosted from top to bottom, you need to call a technician out to check the freon pressure to know if you have a freon leak or a bad compressor. A freon leak is about $450 to have repaired and a new compressor is about $650 so it may not be worth fixing either way, but that's completely up to you of course.
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