ROSEUSDT trade ideas
ROSEUSDT time to create the Breakout?The price had a big bullish impulse after Facebook's news, and now the price comes back into the demand zone. the price is creating a descending channel below the daily resistance
How to approach it?
IF the price is going to have a breakout and retest the resistance as new support, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐
🟢 ROSEUSDT - 1D (17.09.2022)ROSEUSDT
TF: 1D
Side: Long
Pattern: 78.6% Fib Retracement
Entry: Between $0.05614 and $0.06149
SL: $0.05614
TP 1: $0.07025
TP 2: $0.07898
TP 3: $0.08604
TP 4: $0.10314
ROSE is on the brink of breakout. Can enter now and be willing to DCA or wait for breakout and retest then enter if successful.
RSI and MACD look ready to go.
ROSE - LONG SETUP!All depends what BTC and ETH are doing but ROSE setup looks good on a higher timeframes. Break of the trend line means we are going straight for the lows. September is usually very bearish month for crypto, take it into consideration. Reasons behind ROSE long trade:
- Head and shoulders .
- Fibonacci sniper levels.
- Major support.
- Trend line support.
- Reversal pattern on lower timeframe.