💎 #ROSEUSDT remains confined within a descending channel, underscoring the ongoing downtrend. Yet, a noteworthy development is its recent rebound from the channel's bottom, essentially bouncing off the support trendline.
💎 Concurrently, there's a clear rejection at the 127.2% Fibonacci support, pegged at $0.0357. These bullish indicators merit attention, hinting at a potential robust upward correction.
💎 However, we term it a 'correction' since a genuine trend reversal demands more substantial evidence. A pivotal sign would be breaking above the descending channel. For now, we anticipate an upward correction, contingent on the price surpassing the supply zone around $0.0457.
💎 If achieved, this resistance could transform into support, paving the way for bullish action. In such a scenario, the target might be the channel's top, aligning with the 38.2% Fibonacci resistance.
💎 Conversely, if the proximate supply zone remains intact, the bearish risk persists. A definitive descent below the channel would signal a prolonged downtrend.
💎 Concurrently, there's a clear rejection at the 127.2% Fibonacci support, pegged at $0.0357. These bullish indicators merit attention, hinting at a potential robust upward correction.
💎 However, we term it a 'correction' since a genuine trend reversal demands more substantial evidence. A pivotal sign would be breaking above the descending channel. For now, we anticipate an upward correction, contingent on the price surpassing the supply zone around $0.0457.
💎 If achieved, this resistance could transform into support, paving the way for bullish action. In such a scenario, the target might be the channel's top, aligning with the 38.2% Fibonacci resistance.
💎 Conversely, if the proximate supply zone remains intact, the bearish risk persists. A definitive descent below the channel would signal a prolonged downtrend.
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Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.