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.
ROSEUSDT
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 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.
ROSE/USDT 4HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick ROSE/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason of trade:-ROSE/USDT tringle pattern conform and retest buy the green zone
Entry:-CMP and BUY THE GREEN ZONE
Target:- 30% to 40%
Stop loss:- 0.30233
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language
Do hit the like button if you like it and share your charts in the comments section.
Thank you.