ROSEUSDT has made more than 35% since your previous idea, and the market has experienced a breakout from the descending channel.
The descending channel is a bearish technical pattern in which the price action of an asset moves downward within two downward sloping trend lines.
A breakout is a significant price movement that occurs when the price exceeds the boundaries of a previously established pattern or trend.
Now, the price of ROSEUSDT has experienced another breakout from another descending channel, indicating a potential change in trend from bearish to bullish. As a trader, you are waiting for Plancton's rules to be met in order to enter a new long position and potentially profit from the stock's upward momentum. By waiting for the conditions outlined in Plancton's rules to be met, you can make informed trading decisions and potentially increase your chances of success.
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