$ROSE /USDT Technical Analysis and Trade Strategy Techni | Mila Rose on Binance Square

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Bullish

$ROSE /USDT Technical Analysis and Trade Strategy 
Technical Analysis
Current Price: $0.12644
24h High: $0.12885
24h Low: $0.10018
Bollinger Bands (20, 2):
Upper Band: $0.13061
Middle Band: $0.11442
Lower Band: $0.09823
Parabolic SAR: $0.11738 (bullish support)
Trend Overview:
The price is currently in an upward trend, having gained 19.34% over the past 24 hours. The price is near the upper Bollinger Band, suggesting potential resistance around $0.13061. If the price stays above the SAR level of $0.11738, it may continue to rise.
Trade Setup and Strategy
1. Entry Point:
Buy at $0.12000 (around the middle of the Bollinger Bands, with solid support at the Parabolic SAR).
Stop Loss: $0.11500 (below the Parabolic SAR for safety).
2. Target Levels (Key Targets 🎯):
Target 1 🎯: $0.12800 (approaching the upper Bollinger Band and previous 24h high).
Target 2 🎯: $0.13050 (potential breakout level, near the upper Bollinger Band).
Target 3 🎯: $0.13500 (psychological resistance and possible continuation in case of further bullish momentum).
Trade Execution
Long Position: Enter at $0.12000, aiming to ride the potential price action toward the targets.
Risk Management: Tight stop loss at $0.11500, ensuring the position is protected if the trend reverses.
Scenario 1 (Bullish):
If the price breaks through the $0.12885 resistance and holds above, it may reach the $0.13061 level, then possibly continue toward $0.13500.
Scenario 2 (Bearish Reversal):
If the price drops below the SAR support ($0.11738) and the Bollinger Bands' middle band ($0.11442), it may indicate a reversal, and you may need to exit or consider shorting.

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Mila Rose

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Bullish

$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.
#XRPTrends

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

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