ROSEUSDT 4H long setup; W-formation about to breakout
TA explained
ROSE retested broken resistance clearly turning it into support after bouncing multiple times from this area. Forming a W-formation now. Price is consolidating at the neckline, a breakout will trigger a bullish trend. SL below the support area.
Trade setup
Best entries: 0.09749 -0.10079
TP1: 0.12090
TP2: 0.13258
TP3: 0.14578
SL: 0.08205
RR: 2.4
Max leverage: 1x
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
ROSE retested broken resistance clearly turning it into support after bouncing multiple times from this area. Forming a W-formation now. Price is consolidating at the neckline, a breakout will trigger a bullish trend. SL below the support area.
Trade setup
Best entries: 0.09749 -0.10079
TP1: 0.12090
TP2: 0.13258
TP3: 0.14578
SL: 0.08205
RR: 2.4
Max leverage: 1x
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
Trade closed: target reached
All targets reached. 44% for the final target from average entry.
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.
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.