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ROSE / TetherUS PERPETUAL CONTRACT

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ROSEUSDT.P trade ideas

ROSEUSDT is testing the supportROSEUSDT,. Recently, there has been a notable breakout in the price as mentioned in your previous idea. The price surge was significant enough to breach a key resistance level, signifying a potential change in the market sentiment. Following the breakout, the price is now undergoing a crucial test, as the previously resistant level has turned into a new support level. This test is essential to confirm the sustainability of the upward trend. Traders and investors are closely monitoring the price action to assess whether the newfound support will hold and provide a solid foundation for further upward movements. The current price action suggests that for the bullish momentum to continue, a new breakout from the 0.05325$ area is required. If the price can successfully breach this level, it may signal further bullish strength and attract more buying interest from market participants. Before attempting the new breakout, the price might have experienced a slight retracement, possibly dipping to around the 0.049$ area. This retracement provided an opportunity for the market to generate new liquidity, as per Plancton's Rules, which could potentially support the price during its subsequent upward movement. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
18
$ROSE Inverse head and shouldersReal nice setup here on ROSE. Inverse head and shoulders in the context of a lower range deviation and recovery. The retest of the range low came in on low volume, which is what you would want to see in a Spring event and checkback using the wyckoff method. A common retracement would being us first to the range high at the .382 with the measured move of the inverse head and shoulders pattern and .618, a secondary level that we could see traders taking profit.
Long
by TradingNomadic
2
ROSEUSDT needs the breakoutROSEUSDT is exhibiting a descending channel pattern on the daily timeframe. A descending channel is characterized by two parallel trend lines, with the upper trend line acting as a resistance level and the lower trend line serving as a support level. The price of ROSEUSDT is currently contained within this descending channel, indicating a predominant bearish trend. The upper trend line acts as a significant barrier, limiting upward price movements, while the lower trend line provides support and prevents the price from declining further. According to Plancton's rules, a potential trading opportunity could arise if ROSEUSDT experiences a breakout above the 0.054$ resistance level. A breakout occurs when the price surpasses a key resistance level, indicating a potential shift in market sentiment and a possible continuation of bullish momentum. It's important to note that a breakout above the 0.054$ area is mandatory for considering a long position according to Plancton's rules. This breakout would suggest that the bears are losing control, potentially leading to an upward price movement. However, it's essential to wait for confirmation of the breakout, such as a strong candle close above the resistance level, to avoid potential false breakouts. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
10
Oasis Network ROSEUSDT Price Analysis (1d)Welcome to the ROSEUSDT (Oasis Network) analysis! The price action of ROSEUSDT suggests an imminent breakout from the resistance line in the coming days. Currently, the price is confined within a strong support zone at 0.044 and a resistance zone at 0.074. As we observe a breakout from the Falling Wedge pattern, it indicates a potential upward movement towards the resistance level. For risk management, it's crucial for traders to set a stop loss. We recommend placing the stop loss below the 0.040 level, as it provides a safe region to protect trades.
by Vestinda