$ROSE
Technical Analysis and Trade Signals 🚀 🎯
Current Price: 0.10959 USDT
24h High: 0.11288 USDT
24h Low: 0.10018 USDT
Bollinger Bands:
Upper Band: 0.10958 USDT
Middle Band: 0.10781 USDT
Lower Band: 0.10604 USDT
Parabolic SAR: 0.10600 USDT
Trend Analysis:
The price is currently above the middle band (0.10781), indicating a bullish bias.
The SAR is at 0.10600, providing support.
The 24h high of 0.11288 also serves as a key resistance.
Trade Strategy and Setup:
Bullish Scenario (Uptrend Continuation):
1. Entry Point:
Buy near the middle Bollinger Band (0.10781) or SAR support (0.10600) as long as the price stays above these levels.
Alternatively, wait for a confirmation candle above 0.10958 (upper Bollinger Band) to enter with more confidence.
2. Target 1 (T1):
0.11200 (near the 24h high). This is a strong resistance level where profit-taking or partial exits could be considered.
3. Target 2 (T2):
0.11500: If the price breaks through 0.11288, a move towards this level is likely as the next resistance zone.
4. Target 3 (T3):
0.11800: A more aggressive target, likely if the price maintains momentum beyond 0.11500.
5. Stop-Loss:
Place the stop-loss just below the SAR support at 0.10550 or slightly below the lower Bollinger Band (0.10604) to allow for some volatility.
Bearish Scenario (Trend Reversal or Pullback):
1. Entry Point:
Sell if the price drops below 0.10600 (SAR support) and stays below this level.
Wait for a confirmed breakout below the lower Bollinger Band (0.10604) for more confidence in a downtrend.
2. Target 1 (T1):
0.10200: A possible target near the previous support zone and past lows.
3. Target 2 (T2):
0.10000: If price further declines, this psychological level could act as support.
4. Target 3 (T3):
0.09800: A deeper pullback is possible if the bearish momentum continues and the market tests new lows.
5. Stop-Loss:
Place stop-loss just above the middle Bollinger Band (0.10781) or upper Bollinger Band (0.10958) to manage risk in case of a reversal.