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ROSE / TetherUS PERPETUAL CONTRACT

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ROSEUSDT.P trade ideas

🔥 ROSE Lost The Macro Uptrend: More Downside Aheadlast month I made an analysis on ROSE and the macro wedge pattern it was trading in. Since making that analysis ROSE saw over +30% gains at some point, but gave it all back during the most recent bearish move. Sadly, the current bear move has moved ROSE outside of the ascending wedge pattern and under the support. This means that ROSE has lost the bullish trend and is prone to more downside pressure in the short-term. Next area of support is the area indicated in blue on the chart. Expect some shorts exiting and longs entering the market around there. Happy trading!
Short
by FieryTrading
5
ROSEUSDT is testing the weekly resistance!the price is testing the weekly resistance on 0.316$, where the price created the neckline of the head and shoulders, and where the market has a supply zone. Nice volume is incoming right now. on the 4h timeframe the price had a breakout from the 4h resistance on 0.24$ and a great breakout from the daily dynamic resistance. How to approach? The price needs to have a new breakout from the confluence area and retest it as new support. a Breakout is not enough, the price needs to satisfy our rules for a new long position. The next valid resistance is 0.35. According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
2