Long

ROSE is trying to take off

Updated

ROSE has had a good few days, I managed to catch profit on a few of its pushes up. its now trying to build from higher support for a big move. If you're comfortable scalping there might be opportunity to find an entry here and see what can be gained. Would not be surprised but a sharp drop back to support before an impulse up. If it can get above intraday high, there is the rising wedge trend line then, ATH is the target. Feels like ROSE wants to find its way to go parabolic in the coming days or week

Looking for it to hold that 0.27 support and build from there. It has never succeeded in holding this level previously, but has just found support there in the past 24hrs

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Watching this daily Candle close. ROSE is currently holding above the 0.27 level, which is important resistance level but also the previous swing high of the rising wedge, this is a classic bullish rising wedge breakout pattern. If we can hold this level in the coming days I think ROSE promises a lot of upside

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50% of my position closed out at 0.36, 25% gain in spot since the above call. I think ROSE still has more to give

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Rising wedge breakout confirmed on LTF, next TP 5

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Watching this neckline, possible impulse up to 0.7ish if we break on the weekly close

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Watch this trend for ROSE's next move. Finding some support at 0.35 rising wedge upper bound and moving to test declining dynamic trend. If it breaks upwards first TP is 0.425 Cup and Handle neckline. If we confirm a breakout there price discovery toward 0.7

Break down will test lower supports, 0.32 & 0.27, and will be watching for similar trend and breaks to offer

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Rose is behaving beautifully for scalping, another approx. 18% to close some profit on here as we approach this major resistance. If we break above, I'm reloading on the retest and riding the price discovery up toward, as mentioned above the 0.7ish target range

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Sellers currently have the upper hand but buyers are still trying to press up. Things to watch: failed breakout attempt just happened, price attempting to find support at dynamic trend. Hoping Buyers are strong enough to keep squeezing but often failed attempts lead back to deeper supports. Buyers may find a strong bounce from the lower prices, or sellers take over

Key level now for sellers will be 0.34 If they can engulf this level double top will be printed and price may dump

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Update: Buyers are holding ground, volume profile is printing a cup and handle foot print with this formation, under the key resistance of macro C&H. Looking for volumes to kick-up soon as sellers and buyers try to break either way. Buyers have so far held the trend, I'll be looking to buy dips back toward 0.38 or on a 4H close and retest above resistance. Feeling confident with the shape buyers are holding currently, watching for breakout of declining resistance and for buyers to carry price up

as above, invalidated with 4H close engulfing 0.35-0.34 range, confirming double top

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Trade closed out with the break of pennant below 0.365
Sellers in control for now
4H closing at the 4H 50MA below last major swing low
Looking to sell any rallies toward 0.42
Will update with any promising developments
Watching for possible bull flag
See what the market brings, watching 0.32 and 0.27 as possible demand zones

jamoooo

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