$ROSE : SHARP PULLBACK AFTER RECENT HIGH – WHAT’S NEXT?
$ROSE is currently trading at $0.09986, down -6.47%, after failing to sustain above its intraday high of $0.10149. The price has seen a sharp drop from this level, indicating profit-taking pressure. Immediate support lies near $0.09766, which must hold to prevent further downside. A rebound from this level could push ROSE back toward resistance at $0.10028 and a retest of the $0.10169 zone. However, failure to hold support may result in a deeper decline.
Traders should watch for reversal signals near support levels and volume spikes for potential entry points. A breakout above resistance could signal renewed momentum, offering profitable trade opportunities. Manage positions with tight stops to mitigate risks in this volatile range.
