ROSE / TetherUSLong
Is ROSEUSDT Poised for a Bullish Breakout?
Updated
Yello, Paradisers! ROSEUSDT is showing signs of a potential bullish breakout. With a confirmed bullish Change of Character (CHoCH), a broken resistance trendline paired with bullish divergence, and the recent formation of a "W" pattern, the stage is set for a potential upward move.
💎If ROSEUSDT manages to break through the current resistance zone and closes a candle above it, this will validate the W pattern and significantly raise the likelihood of a strong bullish push. Traders could see increased momentum once this confirmation occurs, presenting a solid entry opportunity.
💎Should a retracement occur instead, look for a potential triple bottom forming near the support zone. This would reinforce the bullish structure, but for higher accuracy, monitor lower timeframes for another bullish CHoCH. This extra confirmation can help improve the trade’s probability in our favor.
💎However, if price breaks down and closes candle below the support zone, it would invalidate our bullish outlook. In that scenario, it’s best to avoid entering and wait patiently for more favorable price action to develop before taking any positions.
Patience and precision will make all the difference in positioning well for the next move. Stay strategic, and keep your trading plan steady.
MyCryptoParadise
iFeel the success🌴
💎If ROSEUSDT manages to break through the current resistance zone and closes a candle above it, this will validate the W pattern and significantly raise the likelihood of a strong bullish push. Traders could see increased momentum once this confirmation occurs, presenting a solid entry opportunity.
💎Should a retracement occur instead, look for a potential triple bottom forming near the support zone. This would reinforce the bullish structure, but for higher accuracy, monitor lower timeframes for another bullish CHoCH. This extra confirmation can help improve the trade’s probability in our favor.
💎However, if price breaks down and closes candle below the support zone, it would invalidate our bullish outlook. In that scenario, it’s best to avoid entering and wait patiently for more favorable price action to develop before taking any positions.
Patience and precision will make all the difference in positioning well for the next move. Stay strategic, and keep your trading plan steady.
MyCryptoParadise
iFeel the success🌴
Trade active
💎Boom! #ROSEUSDT is doing just what we said. Up 41.82% and looking good!
💎Now is an ideal moment to book some profits at these levels. Why? The market has shown promising signs of continuation, but protecting your capital is always the priority. By securing partial profits, you’re not just cashing in; you’re also preparing for the upcoming bull run with confidence.
💎Lock in partial gains now to solidify profits from the recent move.
💎Let the remaining position ride the bullish wave ahead, ensuring exposure to potential upside.
💎Place your Stop Loss at Break Even (BE) for the remaining quantity. This way, you’ve removed risk from the equation and are free to capitalize on future opportunities.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.