ROSE, Where are you going?
Updated
Hello, guys.
This is ESS team.
Let's check the ROSE chart.
:::::::::::::::::
This is ROSEUSDT's 1H chart.
Now, ROSE is showing a falling Price Action while lowering the recent highs and lows.
If it breaks down the 4H's uptrend line or order block zone and is retested at these, You can expect candles make a new low.
If it is supported by 4H's uptrend line and rise up,
You can safely enter a long position when It breaks through the GREEN downtrend line.
Have a nice trading!
This is ESS team.
Let's check the ROSE chart.
:::::::::::::::::
This is ROSEUSDT's 1H chart.
Now, ROSE is showing a falling Price Action while lowering the recent highs and lows.
If it breaks down the 4H's uptrend line or order block zone and is retested at these, You can expect candles make a new low.
If it is supported by 4H's uptrend line and rise up,
You can safely enter a long position when It breaks through the GREEN downtrend line.
Have a nice trading!
Note
Hello, friends!
Have a good trading?
Let's check the chart again.
ROSE broks down 4H's upward line, and, As we said, made new lows.
It rose after consolidation, and a candle is located near the GREEN downtrend line.
After being supported for the gray zone and rising,
If it breaks through the GREEN downtrend line and retests successfully, We can enter the long position.
BUT,
If it is resisted by the green downtrend line again, candle could drop down.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.