๐ $ROSE /USDT SOARS TO NEW HEIGHTS! ๐
The $ROSE /USDT pair has experienced a significant surge, currently trading at $0.12633, marking a 21.66% increase. This bullish momentum is highlighted by the 1-hour chart on Binance, showing a strong upward trend with a recent breakout above the $0.12500 resistance level.
๐ Trade Scenarios
1. Continuation: If the bullish momentum continues, the next target price (TP) could be set at $0.13000. A stop loss (SL) can be placed at $0.12000 to manage risk.
- ๐ฏ TP: $0.13000
- ๐ SL: $0.12000
2. Reversal: If the price faces resistance and reverses, a potential entry point for short positions could be around $0.12500, with a TP at $0.11500 and an SL at $0.13000.
- ๐ฏ TP: $0.11500
- ๐ SL: $0.13000
๐ Market Outlook
The current bullish trend suggests a positive outlook for $ROSE/USDT in the short term. Traders should watch for any signs of reversal or consolidation around the $0.13000 level. Continued high trading volume and positive market sentiment could drive the price higher.
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