ROSE / TetherUSDiupdate ROSEUSDT had a breakout from the bullflag
A bull flag is a technical pattern in the financial markets that forms after a strong bullish move and signals a potential continuation of the uptrend. It is characterized by a narrow price consolidation period following the initial move, with relatively parallel trend lines acting as support and resistance.
In the case of ROSEUSDT, the recent breakout from the bull flag suggests that the market is continuing its bullish momentum. Currently, the price is inside a descending channel within a larger ascending channel. We are looking for a breakout from the static resistance level at 0.058 to confirm the uptrend and continue to hold a bullish outlook. If the price satisfies the trading rules, the target for the price could be 0.063$, so According to Plancton's strategy, we can set a nice order
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Keep in mind.
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Follow the Shrimp 🦐
In the case of ROSEUSDT, the recent breakout from the bull flag suggests that the market is continuing its bullish momentum. Currently, the price is inside a descending channel within a larger ascending channel. We are looking for a breakout from the static resistance level at 0.058 to confirm the uptrend and continue to hold a bullish outlook. If the price satisfies the trading rules, the target for the price could be 0.063$, so According to Plancton's strategy, we can set a nice order
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Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
- ⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐
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