ROSE / TetherUS
Short

๐Ÿ”ฅ ROSE Bearish Price Action: More Pain Ahead

1โ€ฏ644
Around two weeks ago I made an analysis on ROSE where I discussed the bearish break out from the ascending wedge pattern. I argued that there was more downside ahead and indicated an area of support where I expected either a consolidation or a bullish reversal.

๐Ÿ”ฅ ROSE Lost The Macro Uptrend: More Downside Ahead


As of yesterday, we've achieved both profit targets. Congratulations if you took the trade.

For now, I think we can expect some sideways price action for a couple of days. At least until Wednesday, since we have the FOMC interest rate decision then.

However, longer-term I'm still bearish. I think that ROSE can easily fall another 50% or so if BTC continues it's path towards $30k.

๋ฉด์ฑ…์‚ฌํ•ญ

ํ•ด๋‹น ์ •๋ณด์™€ ๊ฒŒ์‹œ๋ฌผ์€ ๊ธˆ์œต, ํˆฌ์ž, ํŠธ๋ ˆ์ด๋”ฉ ๋˜๋Š” ๊ธฐํƒ€ ์œ ํ˜•์˜ ์กฐ์–ธ์ด๋‚˜ ๊ถŒ์žฅ ์‚ฌํ•ญ์œผ๋กœ ๊ฐ„์ฃผ๋˜์ง€ ์•Š์œผ๋ฉฐ, ํŠธ๋ ˆ์ด๋”ฉ๋ทฐ์—์„œ ์ œ๊ณตํ•˜๊ฑฐ๋‚˜ ๋ณด์ฆํ•˜๋Š” ๊ฒƒ์ด ์•„๋‹™๋‹ˆ๋‹ค. ์ž์„ธํ•œ ๋‚ด์šฉ์€ ์ด์šฉ ์•ฝ๊ด€์„ ์ฐธ์กฐํ•˜์„ธ์š”.