ROSEUSDT trade ideas
More correction for ROSEUSDT ?Will Rose hold the ascending parallel channel (green) or will fall into the red one. RSI suggests it might correct a bit more and I think around $0.20 is a good support to hold it. It will still be in upward channel but with lower slope. So at this moment I think it's wise to wait and see if the green parallel channel will stay valid.
rose.usdtFriends, if you are careful, Soroshaneh pattern is quite obvious. And this pattern is a downward pattern. And this downward trend will probably continue to the lower support line.
Due to the breaking of the previous trend line, this pattern is pullback and the decline will be more definite.
ROSE - Purple War Zone!Hello everyone, if you like the idea, do not forget to support with a like and follow.
ROSE is overall bullish trading inside the brown rising broadening wedge and now approaching the lower trendline acting as non-horizontal support.
Moreover, the green area is a "Resistance turned into Support".
So the highlighted purple circle is a very strong area to look for buy setups as it is the intersection of support in green and the brown trendline.
As per my trading style:
Since ROSE is sitting around the highlighted purple circle (area) I will be looking for possible buy setups (like a double bottom, trendline break, and so on...)
Unless ROSE breaks the green zone downward aggressively with many big bearish candles, then it will become resistance again and we will be looking for sell setups on its retest.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
🔥 ROSE Support Holding: More UpsideROSE has been following a strong support line over the last 2 weeks or so. As of yesterday, ROSE has touched said trend line again and is scouting for a reversal.
Be aware that BTC is still leading in this market. So only go long once BTC has confirmed a short-term trend. Markets are still rattled by yesterday's CPI news, be aware.
Targets placed at recent highs. Short-term trade.
Happy trading!
rose run short?Will the rose fall?
My idea is easy to understand and can be easily rejected.
So let's put this perspective aside by limiting the market with painting and a few lines.
The market does not respect our lines.
The market is going through its process, and it is we who have to deal with the market trend.
I have always told my friends and now we tell you one of the most important rules of the market (trade with trend).
After reacting and reacting to the price range, try to enter the market and follow the trend.