💎Paradisers, buckle up for an exhilarating ride with ROSEUSDT! Having successfully escaped a descending channel, the asset is currently back-testing that very trend line, laying the groundwork for a likely bullish upswing.
💎A few days back, ROSE sketched out a solid descending channel, making contact with the trend line on three separate occasions before finally breaking loose.
💎What sparked this breakout? Our scrutiny of the High Time Frame (HTF) weekly chart reveals a bullish weekly candle, indicative of potent buying momentum.
💎The volume profile is also showing fluctuations that align with the candle's range. This retest could serve as a golden trading opportunity.
💎However, if the ROSE's price dips beneath the trend line, brace yourselves for a substantial downward shift. In such a case, strategize your short entries carefully.
💎Stay one step ahead and trade with due diligence!
💎A few days back, ROSE sketched out a solid descending channel, making contact with the trend line on three separate occasions before finally breaking loose.
💎What sparked this breakout? Our scrutiny of the High Time Frame (HTF) weekly chart reveals a bullish weekly candle, indicative of potent buying momentum.
💎The volume profile is also showing fluctuations that align with the candle's range. This retest could serve as a golden trading opportunity.
💎However, if the ROSE's price dips beneath the trend line, brace yourselves for a substantial downward shift. In such a case, strategize your short entries carefully.
💎Stay one step ahead and trade with due diligence!
Trade closed: target reached
Boom! #ROSE is doing just what we said. Up 72.06% and looking good!Note
Related publications
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.
Related publications
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.