Is ROSEUSDT Poised for a Bullish Breakout?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.
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