ROSE prepair for break risistanceThe instrument is in a downtrend. But after marking in the zone of interest, we get a reaction and the scrapping of the local structure, to the ascending one. mn/max are rising, there is volume, the price is being pushed up forming dynamic support. The goal, the scrapping of the local slope and the withdrawal of liquidity beyond the level with a lot of touches of 0.0990. Filling in the IMB. // The choice of tactics and entry point is yours. A rebound in the local area of interest or a breakdown of the local level.
ROSEUSDT trade ideas
ROSEUSDT: Analyzing the Latest Shifts💎 #ROSEUSDT remains confined within a descending channel, underscoring the ongoing downtrend. Yet, a noteworthy development is its recent rebound from the channel's bottom, essentially bouncing off the support trendline.
💎 Concurrently, there's a clear rejection at the 127.2% Fibonacci support, pegged at $0.0357. These bullish indicators merit attention, hinting at a potential robust upward correction.
💎 However, we term it a 'correction' since a genuine trend reversal demands more substantial evidence. A pivotal sign would be breaking above the descending channel. For now, we anticipate an upward correction, contingent on the price surpassing the supply zone around $0.0457.
💎 If achieved, this resistance could transform into support, paving the way for bullish action. In such a scenario, the target might be the channel's top, aligning with the 38.2% Fibonacci resistance.
💎 Conversely, if the proximate supply zone remains intact, the bearish risk persists. A definitive descent below the channel would signal a prolonged downtrend.
ROSE is not different ROSE may be close to the bottom.
Similar to other altcoins. Final capitulation may be pending and then Rose may retest the absolute support. It would be a great buying opportunity.
A lot of take profit levels once it starts an uptrend.
0,20 $ may be a final target before coming back down again.
What do you think?
ROSE Long Idea based on Channel, fib and OBVIn the world of trading, an idea takes flight,
A chance to profit, to soar to new heights.
With ROSEUSDT.P, a long position may be,
Based on channels and fibs, a strategy to see.
The OBV is diverging, a sign of potential,
Combined with lower trendlines, a story essential.
It may dip a little, or touch Fib 0.786,
But from there it could swing, and make gains to fix.
Parallel channels guide the way,
A path to follow, day by day.
Fibonacci levels set the pace,
A roadmap to reach, with a steady grace.
So here's to the long idea, for ROSEUSDT.P,
A chance to profit, a chance to be free.
With channels and fibs, and a keen eye to see,
The potential is there, for all to agree.
TP1 0.058
TP2 0.072
TP3 0.115
SL 0.04098
ROSE: Will It Pump Like Crazy?Despite the upcoming coin unlocking event in the next 3 days on Oasis Network, BINANCE:ROSEUSDT has been holding strong on 1D timeframe. And it looks like it will break out of the descending trendline and have a pump to $0.055
We are going to open a long position with half of our allocation or margin, then we use the other half to DCA shortly after the unlock event.
Note: This is a SWING Trade
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Moving up slowly and wait a breakoutWeekly Chart
ROSE BINANCE:ROSEUSDT is creating right shoulder in Head Shoulders which is a famous reversal pattern.
ROSE needs to break a neckline to complete Reversal Pattern
Daily Chart
ROSE is along the strong support and wait a breakout above purple line
I expect price will go up 0.063 after breakout
Wait for next move and I'll update
ROSEUSDT is testing the supportROSEUSDT,. Recently, there has been a notable breakout in the price as mentioned in your previous idea. The price surge was significant enough to breach a key resistance level, signifying a potential change in the market sentiment.
Following the breakout, the price is now undergoing a crucial test, as the previously resistant level has turned into a new support level. This test is essential to confirm the sustainability of the upward trend. Traders and investors are closely monitoring the price action to assess whether the newfound support will hold and provide a solid foundation for further upward movements.
The current price action suggests that for the bullish momentum to continue, a new breakout from the 0.05325$ 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.
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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 🦐
$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.
ROSEUSDT LONG/SHORT Rose is trying to Find a way to move up from Accumulation Zone.
Wait For Brake Out and Confirmation ... then a nice move Upwards till .07 and more is expected...
NAFA and these are all my small views with my limited knowledge, just take is as a small spark...
DYOR n HAVE A SAFE TRADING...
ThankYou....
#ROSEUSDT #LQR #TOBTC #LaqiraProtocolSpecific Levels in the chart are obtained from the cross of fib levels and static levels. Scalpe reactions are expected in resistors and supports. After confirming and matching with Bitcoin levels, you can open a position This analysis is not an offer to buy or sell
ROSE 12H (Buy Scenario) The conditions for #ROSE seem promising as it approaches the resistance level at $0.050. If it successfully breaks above this resistance, there could be significant potential for growth. The moment you witness the breakout, it might be an opportune time to initiate a buy position. Keep a close eye on the price action as it develops, and consider executing a buy order to take advantage of the potential bullish momentum.
ROSEUSDT needs the breakoutROSEUSDT is exhibiting a descending channel pattern on the daily timeframe. A descending channel is characterized by two parallel trend lines, with the upper trend line acting as a resistance level and the lower trend line serving as a support level.
The price of ROSEUSDT is currently contained within this descending channel, indicating a predominant bearish trend. The upper trend line acts as a significant barrier, limiting upward price movements, while the lower trend line provides support and prevents the price from declining further.
According to Plancton's rules, a potential trading opportunity could arise if ROSEUSDT experiences a breakout above the 0.054$ 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 🦐