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ROSE / TETHER Standard Futures

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ROSEUSDT.PS trade ideas

ROSEUSDT is testing the lower trendlineThe price had a bearish impulse from the upper trendline (head and shoulders) The price is testing the lower trendline of the ascending channel and the price is creating a channel above it. How to Approach? If the price is going to have a breakout from the channel and retest it as new support, we could see a pullback until the 0.5 Fibonacci level (0.44$) It's not enough to have a breakout, you need a strategy to satisfy before opening a new position. According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
20
🔥 ROSE Short-Term Bullish ChannelOver the last week, ROSE has been trading inside a minor bullish channel. At the moment, ROSE is well underway to bounce from the lower support of the channel. This could indicate a new bullish move towards the top of the channel. This short-term bullish picture aligns well with my longer-term bullish view on ROSE, see below. Be aware that this chart pattern implies relative stability of Bitcoin and the stock markets. ROSE will follow BTC when the latter will dump. Always keep an eye on the overall market. Happy trading!
by FieryTrading
7