ROSEUSDT → Resistance breakout amid TOTAL growth

2 Nov 2023

ROSEUSDT is breaking resistance after a rather long consolidation at the bottom. Consolidation of the price above the 0.055 level will give the bulls strong support

Against the background of active strengthening of BTCUSD , growth of crypto market capitalization, many alcoins look bright green on the heat map.
ROSEUSDT can also get a prospect for active growth. The price previously formed a bottom at 0.0335, the next retest confirmed the presence of strong support, after which the consolidation potential was directed to the breakout of resistance, which the price successfully manages to do. At the moment my focus is directed to the level of 0.0550. I am waiting for the price to consolidate above this area to form a long position. Moving averages may soon form a confirmation of the breakout. Price is updating 6-month highs and this is a good sign.

Support levels: 0.0550, previously broken wedge resistance
Resistance levels: 0.05833

I assume a small correction from 0.05833, a retest of support. The rest depends on the bulls. If they are ready, the growth will continue from 0.05500 towards 0.0792.

Regards R. Linda!

4 Nov 2023

Trade aktif

PS: Relatively small trading volume (the coin is not in the top 10) does not prohibit us to trade ROSE.
Capitalization, interest in the market and balance of funds will be enough to ensure a successful exit from the market...

Since the formation of the breakout, confirmation of the set-up and formation of the entry point, the coin goes in our direction against the background of increased volatility in the phase of realization of the accumulated potential.

The coin goes almost 25% in our direction.