Rose 5.30.22Picked up this one again. We traded the hell out of it a few years back and made insane money. Its sitting at an 88.6 retrace and on a trend of support. Looks like a very high r/r play. tight stops. take aggressive profits. also its important to understand to take profits. I cant state this enough. TAKE YOUR DAMN PROFITS! no moonboy shit or anything like that. remember we loaded luna at 5 bucks in 2021 and made crazy amounts of money all year on it. AND got all our initial back again on the airdrop.....Rose will likely move like this
ROSEUSDT.PS trade ideas
Rose - After nice rise there has to be a pullbackReasons to take short
⭐️ BTC rose a lot without pullback
⭐️ Second touch of daily level after long break
⭐️ Coin is losing momentum
⭐️ 135 ATR
⭐️ When instrument will be at the level, it will have around 200 ATR
Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the strip will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
ROSEUSDT wants to retest the 0.786 Fibonacci levelThe market created equal lows on 0.06$ and create double bottom on it.
Now the e price is testing the 0.5 Fibonacci level as resistance on 0.073 where the market created a 4h resistance as well.
How to approach it?
The price needs to create a new breakout from the 0.5Fibonacci level.
IF the price is going to satisfy our rules, we could see a retest on 0.786 Fibonacci level on 0.08$
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
ROSEUSDT wants the double bottom?The price bounced on the daily support of 0.06$ after a big bearish impulse.
On the 4h timeframe, the price is testing the 0.382 Fibonacci level inside a bear flag
How to approach it?
The price could get new liquidity from 0.5 Fibonacci level and create a new bearish impulse. So, if the price is going to lose the bearflag and retest the support as new resistance we could see a double bottom on 0.06$
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
ROSE/USDT ROSE bounce off from the lower band of the Bollinger Band and currently moving sideways for last 12 days while RSI stays close at the oversold territory. This makes me thinks that this will go up to 0.618 of the Fib around $0.225 level in the coming weeks or months. But before that it might touch first the $0.03 level as the over all market is still bearish. Fear & Greed Index also as of May 24 showing 12 which is Extreme Fear.
Disclaimer:
1. My analysis is only based on my opinion and not a financial advise.
2. I am holding ROSE as part of my portfolio.
TS ❕ ROSEUSD: bounced offROSE is moving in the area of the support level. I expect an upward rebound.
BUY scenario: long to 0.087.
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
🔥 ROSE Bearish Price Action: More Pain AheadAround two weeks ago I made an analysis on ROSE where I discussed the bearish break out from the ascending wedge pattern. I argued that there was more downside ahead and indicated an area of support where I expected either a consolidation or a bullish reversal.
As of yesterday, we've achieved both profit targets. Congratulations if you took the trade.
For now, I think we can expect some sideways price action for a couple of days. At least until Wednesday, since we have the FOMC interest rate decision then.
However, longer-term I'm still bearish. I think that ROSE can easily fall another 50% or so if BTC continues it's path towards $30k.