Looks like a rally is likely. Buying on any returns sub 0.31 is likely a good play, or on successful retest of 0.32 support
I will be closing 50% of the trade I opened at the first target (between 0.355-0.36)
Another 25% if we hit the second TP zone marked
As with related ideas on ROSE, I will update this thread as price develops - feel free to follow
ROSE has been trading nicely, despite the amazing pullback
I still have a position in ROSE I am holding long term, this thread is for HFT
I will be closing 50% of the trade I opened at the first target (between 0.355-0.36)
Another 25% if we hit the second TP zone marked
As with related ideas on ROSE, I will update this thread as price develops - feel free to follow
ROSE has been trading nicely, despite the amazing pullback
I still have a position in ROSE I am holding long term, this thread is for HFT
Note
NB: my final target on this would be between the yearly open and the purple trend 0.4279-0.45
But I will be impressed if we make it that far, BTC rally will very likely only be relief before testing lows again
TOTAL2 is now under multiple significant resistance levels, so expecting we see alts continue to fall unless we regain these levels
Note
0.34 is a minor support, but has played importantly in the past BTC sellers are defending the range break and volume at top
Not a bad idea to close a small amount of profit here if you're already in this trade
(I entered in the dip below 0.3 - see final updates in related idea, +18% from buy)
ROSE buyers are defending the 0.33 well atm but if BTC pulls back it will mostly likely follow
Note
Massive rally from ROSE, obviously a good sign of continuation having broken through the 0.36 resistance if we can hold it. So possible opportunity to add a little to position on the retest of the 0.36 support, if we see it - if BTC continues to rally ROSE may run through. next target as markedNote
ROSE is setting its first minor higher-low, can expect a minor higher-high to follow, targeting 0.40 range BTC trying to close daily with strength, if you didn't buy the dip wait for confirmation of daily close, and speculate on the pullback after close
Note
ROSE: Two notes on profit targets0.36 is still a significant profit target
If we rally here sellers will try to force a double top at 0.36
Also, order books show a front run at 0.38
so if it stalls in that range that will be the time to book profit
Note
As above,
0.36 Profit target hit again
+19.9% profit following sub 0.31 advice
Seeing a strong pullback from 0.36 as speculated, if we break and trade below current trading range (0.3) can easily see ROSE back at lower levels
Two zones I am watching marked on chart
Particularly 0.254
buy orders set at 0.2
in case of a strong dip
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.