ROSEUSDT is currently exhibiting a broad bearish corrective structure, taking the form of a potential WXY complex correction. Price action has been coiling within a structurally significant range, with the immediate demand zone acting as the current base of accumulation. This area presents a favorable risk-reward opportunity for strategic long positions.
The broader outlook hinges on the behavior of price upon retesting the overhanging supply zone. A rejection at this critical resistance could trigger a sharp bearish continuation, with downside targets aligned with the projected bear zone, as depicted on the chart.
Conversely, a confirmed breakout above this structural ceiling would invalidate the bearish thesis and pave the way for an impulsive bullish leg toward the upper bull target area, establishing a potential trend reversal.
The broader outlook hinges on the behavior of price upon retesting the overhanging supply zone. A rejection at this critical resistance could trigger a sharp bearish continuation, with downside targets aligned with the projected bear zone, as depicted on the chart.
Conversely, a confirmed breakout above this structural ceiling would invalidate the bearish thesis and pave the way for an impulsive bullish leg toward the upper bull target area, establishing a potential trend reversal.
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📢Follow the official links only! Trade smart, stay safe! 🎯
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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.