ROSE/USDT Bearish Divergence forming in Weekly chartBCBA:ROSE Bearish Divergence Alert
1⃣ Bearish Divergence Forming in Weekly Chart
2⃣ Targets: $0.1/$0.06 with SL = $0.1851 (RR = 1:5 )
3⃣ Market is highly Volatile so Dont try with High leverage
4⃣ Big Dump will be the best Long Term Accumulation strategy
5⃣ Long-Term Bullish Target = $1
ROSEUSDT
$ROSE Cup & Handle FormedAmong the Layer-2 and ZK coins this one coin $ROSE from Layer-1 caught my attention.
It successfully formed Cup & Handle formation which indicates a bullish trend, also volume is just increasing.
It will face a small local resistance and if the market condition is good we may soon reach the profit target.
Entry, Exit and SL clearly marked in the picture.
Oasis Network: Privacy focused smart contract platformROSE is the token of the Oasis Network Platform and is used for transaction fees, staking, and delegation. According to DefiLlama, total value locked ( TVL ) has increased by approx. $2m in 2023 and currently stands at $22.06m.
Technical Analysis
Price of ROSE has increased by 92% in 2023. In the daily timeframe , the token broke its resistance on 21st Jan 2023 and saw an upward momentum of 43%.
0.07244 level is currently acting as a resistance level and 0.06230 as a support level .
Teak Finance Watchlist: We provide a list of tokens based on our indicators on a daily basis.
Check out the list: in.tradingview.com
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