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My Bias on $ROSE
{future}(ROSEUSDT)
Strictly looking at the price action you described, the bias is short-term bearish but opportunistic. Staying below the range low of 0.01677 confirms that the bears are currently in control of the momentum.
However, your plan to watch the 0.01302 wick is smart. Often, these long wicks act as "liquidity magnets." If the price finds support at the 50% retracement of that wick, it could provide a high-reward entry for a reversal. Until one of your two conditions is met, "sitting on hands" is a valid position.
Binance Square Version (Optimized for Feed)
$ROSE: Decision Time – Trade the Chart, Not the Hype 🌹
The golden rule of crypto: Never get emotionally attached. When the chart loses strength, it’s time to re-evaluate. Currently, $ROSE is testing the patience of the bulls.
The Levels I’m Watching:
Range High: 0.01820
Range Low: 0.01677
The Reality: We are currently trading below the Range Low. This is a bearish signal in the immediate term. I’m staying disciplined and waiting for the market to come to me.
My Game Plan:
1️⃣ The Flip: I’ll look for a long entry only if we reclaim and flip 0.01677 back into support.
2️⃣ The Deep Dive: If we continue lower, I’m eyeing the 0.01302 wick for a 50% recovery play.
Trade what you see, not what you feel. 📉📈
Nabiha Noor
Like & Follow for more updates! 👍
{future}(ROSEUSDT)
Strictly looking at the price action you described, the bias is short-term bearish but opportunistic. Staying below the range low of 0.01677 confirms that the bears are currently in control of the momentum.
However, your plan to watch the 0.01302 wick is smart. Often, these long wicks act as "liquidity magnets." If the price finds support at the 50% retracement of that wick, it could provide a high-reward entry for a reversal. Until one of your two conditions is met, "sitting on hands" is a valid position.
Binance Square Version (Optimized for Feed)
$ROSE: Decision Time – Trade the Chart, Not the Hype 🌹
The golden rule of crypto: Never get emotionally attached. When the chart loses strength, it’s time to re-evaluate. Currently, $ROSE is testing the patience of the bulls.
The Levels I’m Watching:
Range High: 0.01820
Range Low: 0.01677
The Reality: We are currently trading below the Range Low. This is a bearish signal in the immediate term. I’m staying disciplined and waiting for the market to come to me.
My Game Plan:
1️⃣ The Flip: I’ll look for a long entry only if we reclaim and flip 0.01677 back into support.
2️⃣ The Deep Dive: If we continue lower, I’m eyeing the 0.01302 wick for a 50% recovery play.
Trade what you see, not what you feel. 📉📈
Nabiha Noor
Like & Follow for more updates! 👍
Отказ от отговорност: Включва мнения на трети страни. Това не е финансов съвет. Може да включва спонсорирано съдържание. Вижте Правилата и условията.
ROSE
0.02169
+18.20%
BNB
897.19
+1.40%