Reasons to be long on rose/usdt
. With a huge bullish divergence on the RSI 1H time frame
. Bullish order block
. Oversold RSI H1
Unfortunately for altcoins they don't usually move independently of BTC, especially when btc is bleeding it causes alts to bleed even more. With this in min this is a great long opportunity for a swing trade back up to local highs, however if BTC decides maintain its SFP (swing fail pattern) then a stop loss under the most recent higher low would confirm bearish structure and the trade has failed.
. With a huge bullish divergence on the RSI 1H time frame
. Bullish order block
. Oversold RSI H1
Unfortunately for altcoins they don't usually move independently of BTC, especially when btc is bleeding it causes alts to bleed even more. With this in min this is a great long opportunity for a swing trade back up to local highs, however if BTC decides maintain its SFP (swing fail pattern) then a stop loss under the most recent higher low would confirm bearish structure and the trade has failed.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.