In my previous idea on ROSE I detailed how ROSE had hit a key zone of support between the monthly and Quarterly opens at 0.18-0.16
I opened a trade in the dip below 0.16 and now we are watching ROSE try to hold and regain this support
I have already closed half my position on the break to 0.18, but wanted to detail what a positive MAY would look like for ROSE, in my opinion
As you can see from the chart ROSE has formed a massive falling wedge and is sitting on the key support mentioned
It will be crucial for ROSE to regain the quarterly open at 0.18
If we can regain the 0.18, I will be watching for an impulse to 0.2-0.23 to confirm the wedge trend, then trading back to the quarterly open, and watching for a breakout above that previous swing high in that same zone: 0.2-0.23
If all this plays out I will be targeting the range as marked
If we fail to regain the quarterly I see us dumping to 0.1-0.12 range and maybe further to the lower zone marked
Both TotalDefi and ROSE are charting bullish divergence on Marco time frames.
Below we can see TotalDefi at trend and key support also, if this breaks we go down - There is a lot of negative sentiment in the market currently, but it is also the place for great risk reward
I opened a trade in the dip below 0.16 and now we are watching ROSE try to hold and regain this support
I have already closed half my position on the break to 0.18, but wanted to detail what a positive MAY would look like for ROSE, in my opinion
As you can see from the chart ROSE has formed a massive falling wedge and is sitting on the key support mentioned
It will be crucial for ROSE to regain the quarterly open at 0.18
If we can regain the 0.18, I will be watching for an impulse to 0.2-0.23 to confirm the wedge trend, then trading back to the quarterly open, and watching for a breakout above that previous swing high in that same zone: 0.2-0.23
If all this plays out I will be targeting the range as marked
If we fail to regain the quarterly I see us dumping to 0.1-0.12 range and maybe further to the lower zone marked
Both TotalDefi and ROSE are charting bullish divergence on Marco time frames.
Below we can see TotalDefi at trend and key support also, if this breaks we go down - There is a lot of negative sentiment in the market currently, but it is also the place for great risk reward
코멘트:
Top trend went rogue in above chart, cleaner below. All key details the same
코멘트:
Daily Engulf of the 0.18 Quarterly open, good sign of a continuation up to the 0.2 resistance, possible long from retest of the resistance break, targeting the 0.2
So far so good!
So far so good!
코멘트:
Additional trade active from 0.175
TP 0.2
TP 0.2
코멘트:
ROSE failed to hold the 0.18 quarterly, trend is your friend. Bounced now from short target. See what the coming days bring, expecting a retrace towards the 0.18 before testing the lows again.
Piercing the 0.12-0.10 range will expose the 0.66-0.05
Piercing the 0.12-0.10 range will expose the 0.66-0.05
코멘트:
Looking likely we can now see further downwards pressure following BTC and a possible further capitulation below 0.0572 (2021 yearly open). Can risk re-entry at these levels, particularly for DCA
코멘트:
ROSE is now in the lower target range between 0.066 quarterly and 0.0572 yearly.
DCA order set here and filled, but expecting more downside.
More orders set at
0.058
0.045
0.03
0.015
DCA order set here and filled, but expecting more downside.
More orders set at
0.058
0.045
0.03
0.015
