Rosebinance
ROSE/USDT 4HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick ROSE/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason of trade:-ROSE/USDT tringle pattern conform and retest buy the green zone
Entry:-CMP and BUY THE GREEN ZONE
Target:- 30% to 40%
Stop loss:- 0.30233
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language
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Thank you.
Get the EASIEST 40% TODAY!Because the entry point is so clear, I'll spare the fundamental details about Rose in this post.
Take a look at the huge gap between support and resistance, this coin is going to reach Resistance again this weekend, without a shadow of doubt.
- The support level hasn't officially been touched yet AND the resistance level has already been tested. For those unaware, the more times a S/R level is touched by wicks, the WEAKER it becomes, improving the likelihood of that barrier being broken.
If you enjoy these brief entry breakdowns, or you love alt coins that smash 10-200x then drop a follow, I post every day and don't want my fellow traders to miss out :)
Happy trading friends!
ROSE/USDT - Symmetric triangle - Big AccumulationROSE
Given that the trading chart shows two strong levels, I would prefer to wait a bit and see where the price will go. But if you take into account the fact that the price is trading above the level of 0.618 (it is reaper support), you can take part of the deposit in the long, the rest to buy from the second block of the buyer. (indicated on the trading chart)
Trade wisely, do not overestimate the risks.
The altcoin consolidates in a symmetrical triangle, which is interpreted as an accumulation area before the continuation of the main trend.
The accumulation has been going on for a month now, and based on the narrowing trading range, we can conclude that it is in the final phase of formation.
If the price is fixed above the trend border of the triangle, the first target will be the red block of the seller , where local re-accumulation is possible.
After fixing over the block, we should already expect more serious goals, they will be 1.618 Fibonacci 0.294$ and 2.618 Fibonacci 0.392$.
Cancellation of the setup in case of fixing under $ 0.17. This is possible, in my opinion, only in the case of a bitcoin dump.
Trade with your trading system, do not overestimate the lot in the position and do not overestimate the risk management.
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